Acquisition Financing for NNN Jack in the Box, Texas

Rate: 5.375%
Term: 5 Years Fixed, 12 Year Term
Amortization: 30 Years
Guarantee: Recourse
Prepayment Penalty: 5,4,3,2,1
Lender Fees: None

Transaction Description:

George Smith Partners placed acquisition perm financing for the purchase of a single tenant, NNN-lease Jack in the Box in Texas. The Sponsor is a single asset entity, whose goal is to self-manage the NNN retail property. This Property was identified in a 1031 exchange. Jack in the Box has 12 years remaining on the lease, therefore George Smith Partners worked with the Lender on structuring a 12-year coterminous term. Due to the low leverage and other mitigating factors, GSP was successful in acquiring a 30-year amortization for the Sponsor along with a stepdown prepayment penalty. GSP also negotiated with the Lender to waive all fees.


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