Updated 7 days ago on . Most recent reply
Being blessed and I don't want to mess it up.
Good morning everyone, I am looking for some advice. We have been very blessed and should be selling our current commercial property for 6m. We have found a new location to move our current operation to for 2.2m. We will be doing a 1031 exchange on these properties, and are looking to 1031 the rest into some triple net lease properties. We then want to take loans out on these properties so that we can utilize the capital to make further investments. If we were to purchase a NNN for let's say 2m, can we then take a DSCR loan and will the NNN property qualify for say a loan at approximately 75% of the purchase price of 2m? My worry is that the property will only loan for what the building is worth not the lease value.