Seeking Advice on Finding Reliable Commercial Real Estate Lender for $9M NNN Property

[Dayton Espeseth]

I’m currently working on acquiring a $9 million commercial property in Fayetteville, NC, with a strong NOI (~$897K) and seller financing already in place for 25% of the purchase price. The property is triple-net leased with long-term tenants, including a major DoD contractor.

I’m seeking advice or referrals for reliable lenders experienced in commercial property financing, particularly those open to deals with existing seller carry financing and that understand the value of stable NNN assets.

If you know any lenders or have recommendations for brokers or institutions that could help access the needed capital ($6.75 million), I’d greatly appreciate the introduction or guidance.

Thank you in advance for your support!

[Joel Owens]

Sorry. That sounds like a pipe dream. I have been in NNN 21 years and never have seen a seller carry for 25% and then the lender providing the other 75% as first position with a loan.

You would have no skin in the game. 

Cap rate value is tied to the length of the primary lease term of the NNN leases. Generally lenders want 7 years or more remaining primary lease term. If multi tenant building some leases might can be 3 to 7 years term for weight average.