Autozone in Allen, TX
10 year term, 20 year amortization
StackSource recently closed a cash out refinance for a single-tenant retail property leased to AutoZone in Allen, TX. This lender was able to fix the rate for 5 years even though only 2 years remained on the lease agreement. StackSource negotiated a rate adjustment provision with the lender. This provision lowered the rate from 5.5% to 4.75% once the lender received AutoZone's executed 5 year renewal option at any point post funding.
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