Henry Street Capital has arranged $3,380,000 in term debt to finance the sale of a single tenant property located in North Myrtle Beach, SC.  The tenant, Walgreens, has just under 6 years remaining lease term.  Kevin Sellers arranged the financing on behalf of the buyer, a private investor group in New Jersey.  The interest rate is fixed for 10 years @ 3.46% with 30-year amortization schedule.  Financing was secured through the national single tenant lending division of a Midwest based credit union.

Leave a Reply

Your email address will not be published.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