Archives: Investments

Investments

LA Fitness

Attractive Rental Increases – The lease features a rent increase of 10% in December 2017, which increases the cap rate…

LTV (Loan to Value) 65.00% Current NOI $1,170,532.00
Interest Rate 4.250% Capital Rate 0.000%
Fixed Term 10 Years Land Area 6.94 Acres
Amortization 25 Years Lease Type NNN
Loan Amount $12,173,525.00 Property Type Retail
Payment $65,948.62 Property Lease Fitness Facility
Bulding Size 53,206 SF Remaining Terms 12.75 Years

Veterans Affairs Outpatient Clinic

Long-Term Lease - Fourteen (14) years remaining on a Twenty (20) year Government backed lease with no termination option.Modified Gross…

LTV (Loan to Value) 65.00% Current NOI $562,474.00
Interest Rate 4.250% Capital Rate 5.500%
Fixed Term 10 Years Land Area +/- 7.00 Acres
Amortization 25 Years Lease Type Modified Gross
Loan Amount $6,647,550.00 Property Type Medical
Payment $36,012.31 Property Lease Outpatient Clinic
Bulding Size 0 SF Remaining Terms

CVS Pharmacy Portfolio of 4

Investment Grade Credit – The properties are leased to and guaranteed by CVS Health Corporation, an investment grade company with…

LTV (Loan to Value) 65.00% Current NOI $82,885,429.00
Interest Rate 4.250% Capital Rate 7.850%
Fixed Term 10 Years Land Area 5.00 Acres
Amortization 25 Years Lease Type NNN
Loan Amount $6,864,000.00 Property Type Retail
Payment $37,184.90 Property Lease Drug Store
Bulding Size 43,084 SF Remaining Terms 4.75 Years

United States Postal Service (USPS)

Strong Commitment to Building - Almost 17 years remain on the firm lease term providing long-term income stability. Government-Backed Lease…

LTV (Loan to Value) 65.00% Current NOI $0.00
Interest Rate 4.250% Capital Rate 6.230%
Fixed Term 10 Years Land Area +/- 2.15 Acres
Amortization 25 Years Lease Type NN
Loan Amount $1,105,000.00 Property Type Public/Government
Payment $5,986.21 Property Lease Gov Offices
Bulding Size 0 SF Remaining Terms 17 Years

Meineke Car Care Center

Rare Corporate Guarantee – Meineke is traditionally a franchise-based model, but this lease is guaranteed by the corporate entity.Established Customer…

LTV (Loan to Value) 65.00% Current NOI $92,400.00
Interest Rate 4.250% Capital Rate 6.250%
Fixed Term 10 Years Land Area 0.87 Acres
Amortization 25 Years Lease Type NN
Loan Amount $962,000.00 Property Type Retail
Payment $5,211.52 Property Lease Automotive
Bulding Size 4,358 SF Remaining Terms 9.5 Years

Citi Trends

5 Years Remaining of Firm Lease Term in Option Period – Citi Trends, Inc. is operating under a five-year option…

LTV (Loan to Value) 65.00% Current NOI $105,300.00
Interest Rate 4.250% Capital Rate 9.500%
Fixed Term 10 Years Land Area 1.37 Acre
Amortization 25 Years Lease Type NN
Loan Amount $663,000.00 Property Type Retail
Payment $3,591.72 Property Lease Apparel
Bulding Size 18,000 SF Remaining Terms 5 Years (in options)

Chase Bank (Ground Lease)

Best-In-Class Corporate Guaranty – Chase Bank had reported revenue of $94.2 billion and Net Worth of $241.4 billion with an…

LTV (Loan to Value) 65.00% Current NOI $203,280.00
Interest Rate 4.250% Capital Rate 4.750%
Fixed Term 10 Years Land Area 1.30 Acre
Amortization 25 Years Lease Type NNN
Loan Amount $2,778,750.00 Property Type Retail
Payment $15,053.55 Property Lease Bank
Bulding Size 5,240 SF Remaining Terms +/- 5 Years

Publix + Shops (9,800 SF of Shops)

Class A, Grocery-Anchored Retail Asset – Seven (7) Tenant retail center anchored by Publix Super Markets, Inc. Publix is the…

LTV (Loan to Value) 65.00% Current NOI $591,648.00
Interest Rate 4.250% Capital Rate 6.000%
Fixed Term 10 Years Land Area +/-8.510 Acres
Amortization 25 Years Lease Type NN
Loan Amount $6,409,520.00 Property Type Retail
Payment $34,722.81 Property Lease Grocery
Bulding Size 0 SF Remaining Terms

The Village Center at La Crescenta

Strong Anchor Tenants – Anchored by Vons (NAP) and BBCN Bank. Vons, a division of Safeway, Inc., is a market-leading…

LTV (Loan to Value) 65.00% Current NOI $0.00
Interest Rate 4.250% Capital Rate 5.500%
Fixed Term 10 Years Land Area +/- 0.84 Acres
Amortization 25 Years Lease Type NNN
Loan Amount $3,246,750.00 Property Type Retail
Payment $17,588.88 Property Lease Shopping Center
Bulding Size 0 SF Remaining Terms

Steward Health Care

Steward's Growth and Impact in Greater New England - Steward is the 2nd largest hospital network in New England backed…

LTV (Loan to Value) 65.00% Current NOI $1,010,000.00
Interest Rate 4.250% Capital Rate 7.480%
Fixed Term 10 Years Land Area +/- 10.52 Acres
Amortization 25 Years Lease Type NNN
Loan Amount $8,775,000.00 Property Type Medical
Payment $47,537.52 Property Lease Medical Office
Bulding Size 101,000 SF Remaining Terms 6.5 Years