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Updated over 8 years ago on . Most recent reply

User Stats

35
Posts
1
Votes
John Santos
  • Real Estate Investor
  • North Port, FL
1
Votes |
35
Posts

Private Lending for Commercial Strip Center - High CAP Rate

John Santos
  • Real Estate Investor
  • North Port, FL
Posted

Hello BP!!!

I came across this strip center in FL that based on the purchase price the Net Cap Rate is close to 14% and with annual rent escalations.

I would like to purchase it but the purchase price is $3,500,000 and I only have 10% down. Maybe I could get the seller to hold 10 to 20% but I don't think they will.

Do you guys know of a good private lender for commercial strip centers?

Thanks for all of the help!!!

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