Henry Street Capital has arranged $1,245,500 in term debt to finance the sale of a single tenant building in Millers Creek, NC.  The tenant, Dollar General, has over 9 years of remaining lease term.  Kevin Sellers arranged the financing on behalf of the buyer, a private investor in Massachusetts.  The interest rate is fixed for 9+ years @ 4.50% on a 25-year amortization schedule.  Financing was secured through the national single tenant lending division of an East Coast based commercial bank.

Leave a Reply

Your email address will not be published.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