Henry Street Capital has arranged $1,400,000 in nonrecourse term debt to provide new financing for a single tenant property in Parker, CO. The tenant, Bank of America, has 13.5 years remaining on the ground lease. Kevin Sellers arranged the financing on behalf of the buyer, a private investor in Connecticut. The interest rate is fixed for 13.5 years @ 3.50% on a 30-year amortization schedule. Financing was secured through the national lending division of a Midwest based commercial bank.
Month: April 2022
Buffalo Wild Wings – Indianapolis, IN
Henry Street Capital has arranged $2,632,500 in term debt to finance the sale of a single tenant property located in Indianapolis, IN. The tenant, a Buffalo Wild Wings franchisee, has 8 years remaining on the lease. Kevin Sellers arranged the financing on behalf of the buyer, a private investor in California. The interest rate is fixed for 7 years @ 3.85% on a 10-year loan term with 30-year amortization schedule. Financing was secured through a California based commercial bank.