NNN Loans
September 18th, 2008
NNN (triple net leased) properties can include: multi-tenant retail, single-tenant retail, office buildings, self storage, industrial properties, manufacturing, warehouses, automotive facilities, restaurants, gas stations, and more. A NNN loan has the following parameters
NNN Loan Overview
Loan Amount $500 – $25,0000 10 – 30 Year Amortization (based on term of the lease and tenant strength)- Up to 80% LTV, typically around 65% (based on term of the lease and tenant strength)
- 3,5,7,10 Year Fixed Rates
- Assumable at Lender Discretion
- Flexible Prepayment Options
- Recourse on non recourse options
- Minimal or No Replacement Reserves
- Low third parties costs