Single Tenant Note Acquisition/Refinance
February 16, 20121 – 4 – 12
Single Tenant Note Acquisition/Refinance A National Credit Company has rolled out an aggressive note acquisition/refinance program targeting predominately single tenant uses. Single notes or pools of notes may be funded to 75% LTV and a 1.15 DCR. Single notes will range from $5,000,000 to $15,000,000 with no size limit on portfolios. Some multi-tenant transactions will be underwritten, although the majority of the revenue must come from a single tenant. Assets may be owner-user or for an investor borrower. Pricing will vary based on leverage, location, and credit quality.
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