Non-Credit Single Tenant NNN Leased Construction

National non-bank construction lender funding up to 100% of cost for pre-leased NNN build-to-suit, to 80% of completed value. Sub-investment grade and non-credit leases are acceptable as demonstrated by a recent auto-collision tenant. Asset sale upon CofO is not required as there is no IRR calculation, the lender yield is a fixed return. Alternative take-out perm financing is anticipated for this non-CTL loan structure. All pre-development functions must be completed prior to funding; permits and a fully executed lease must be in hand with ground breaking to follow immediate post close.