- NNN 1031 Mortgage Funding provides up to 80% loan-to-value funding for single tenant office, industrial and retail properties.
- Terms are typically ten years with a thirty-year amortization schedule.
- Loans are non-recourse.
- Loans are generally placed with a capital market source (CMBS)
or with a life insurance company.
Product Types
Single-tenant freestanding investment grade office, industrial and retail properties such as corporate headquarters, office/warehouse space for overnight express or logistic groups and drug stores.
Loan Amounts
$1 to $50 million.
The Company
Commercial Net Lease Realty, Inc. (NYSE: NNN), an equity real estate investment trust, invests in high-quality, freestanding, single-tenant properties subject to long-term, net leases.
The company currently has more than $1 billion in assets and owns, either directly or through investment interests, 350 properties in 39 states with total gross leasable area of approximately 6.7 million square feet. These properties are leased
to 111 tenants in 39 lines of trade.
The company maintains an investment-grade debt rating with the three major rating agencies, Standard & Poor’s, Moody’s and Fitch IBCA, as well as credit facilities of $250 million, which provide immediate access to capital for acquisitions.
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