Applebees Acquisition Loan

7-year fixed bank loan, 1031 exchange
Lucas County
Amount: $

StackSource arranged financing on a single tenant net-lease retail asset with 14 years lease remaining to This first-time commercial real estate buyer was in a 1031 exchange and our lender was able to close in 45 days. The loan term is fixed for 7 years with a 7 year extension option, to coincide with the borrower's lease term. As the loan is fixed rate and the lease rate steps up each year, the borrower will be able to collect increasingly positive cash flows.

Deal Team

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