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$3,800,000 Single Tenant Colorado Acquisition

Rate: 4.84% Fixed
Term: 10 Years
Amortization: 30 Years
LTV: 73.5%
Guarantee: Recourse

George Smith Partners secured a $3,800,000 permanent loan for the acquisition of a single tenant Tractor Supply Company located in Colorado. The 22,300 square foot building was constructed earlier this year and the tenant has a new 15-year lease. GSP was able to identify a capital source that does not require a reserve structure, which helped to increase the cash flow and bolster loan proceeds. Sized to 73.5% of purchase, the recourse loan carries a 4.84% fixed rate for a 10-year term and amortizes over 30 years. The transaction funded 45 days from application.

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    Term: 3 Years with one, 5-year extension
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