Henry Street Capital has arranged $1,078,254 in term debt to finance the sale of a single tenant building in Grayling, MI. The tenant, Dollar General, has 13 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 10 years @ 4.09% on a 25-year amortization schedule. Financing was secured through the national single tenant lending division of a Midwest based commercial bank.
Henry Street Capital provided capital advisory services to secure a $2,280,000 term loan for the buyer of Glendale Towne Center, a multi-tenant retail property in Glendale, AZ. The interest rate is fixed for 5 years @ 4.20% on a 30-year amortization schedule. The loan term is 10 years with no pre-payment penalty. Financing was secured through a California based credit union. Kevin Sellers advised the client, a private investor in Northern California.
Henry Street Capital has arranged $805,000 in term debt to finance the sale of a single tenant property located in Kankakee, IL. The tenant, O’Reilly Auto Parts, has 7.5 years remaining lease term. Kevin Sellers arranged the financing on behalf of the buyer, a private investor in Florida. The interest rate is fixed for 5 years @ 4.00% on a 20-year amortization schedule. Financing was secured through an Illinois based community bank.