Transaction Overview
Bryan Shaffer and Jon Shapiro assisted a clients’ 1031 exchange requirement by securing the acquisition debt on a portfolio of several unrelated net-leased assets. Given the dearth of available product, the Sponsor elected to acquire several assets in multiple states from unrelated sellers. The capital provider will close in two phases to accommodate the various sellers. The first $5,230,000 phase includes Pier 1 Imports, Lindora Medical, Cox Solutions, and Pacific Dental, all as stand-alone assets. Fixed at 4.70% for 10 Years and amortized over 30 Years, the non-recourse loan was sized to 75% of purchase price.
