Henry Street Capital has arranged $2,020,000 in term debt to finance the sale of a newly constructed, single tenant building in West Haven, UT. The tenant, 7-Eleven Inc., recently executed a 15-year lease. Kevin Sellers arranged the nonrecourse financing on behalf of the buyers, private investors in Utah. The interest rate is fixed for 10 years @ 3.875% with no prepayment penalty. Financing was secured through a North Carolina-based credit union.
Henry Street Capital has arranged $1,323,000 in term debt to finance the sale of a single tenant property located in Edenton, NC. The tenant, DaVita, Inc., has 9.5 years remaining lease term. Kevin Sellers arranged the financing on behalf of the buyer, a private investor in California. The interest rate is fixed for 9.5 years @ 3.86% on a 30-year amortization schedule. Financing was secured through the national single tenant lending division of a Midwest based commercial bank.