Permanent Financing for NNN Single Tenant Retail; Mechanicsburg, PA

Transaction Description:

George Smith Partners arranged $3,669,250 in fixed-rate financing to refinance a single-tenant NNN Rite-Aid located in Mechanicsburg, Pennsylvania. GSP sourced a lender that would provide 10-year, fixed-rate debt with no prepayment penalty in order to give the sponsor maximum flexibility. The financing is fixed at 4.98% amortizing over a 30-year period. Rite Aid signed a 26-year lease that expires at the end of the loan term. The tenant’s lease includes four 5-year options at fixed rents.

  • Rate: 4.98% Fixed
  • LTV: 65%
  • Term: 10 Years
  • Origination Fee: 0.25%
  • Amortization: 30 Years
  • Prepayment: Open
  • Guaranty: Recourse

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