Henry Street Capital has arranged $850,000 in term debt to finance the sale of a newly constructed, single tenant building in Damon, TX. The tenant, Dollar General, executed a 15-year lease just prior to closing. Kevin Sellers arranged the financing on behalf of the buyer, a private investor in Arizona. The loan term is 15 years @ 5.02% fixed for 10 years. Financing was secured through the national single-tenant finance division of a Midwest-based commercial bank.  The lender provided a free 90-day interest rate lock.

Leave a Reply

Your email address will not be published. Required fields are marked *