Henry Street Capital has arranged $1,800,000 in nonrecourse term debt to finance the sale of a single tenant property located in Loveland, CO. The tenant, Walgreens, has over 11 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 @ 3.30% on a 25-year amortization schedule. Financing was secured through the national lending division of an East Coast based commercial bank.
Henry Street Capital has arranged $585,000 in term debt to finance the sale/lease-back of a single tenant property located in Demopolis, AL. The tenant, a Sonic franchisee, signed a 20-year lease at close of escrow. Kevin Sellers arranged the financing on behalf of the buyer, a private investor in Connecticut. The interest rate is fixed for 10 years @ 3.90% with 25-year amortization schedule. Financing was secured through the national single tenant lending division of a Midwest based commercial bank.