Charlotte Dollar General

Charlotte
,
NC
3.85% fixed, 30 year amortization
Amount: $
1100000
Interest Rate: 
3.85
%

StackSource recently arranged $1,100,000 in financing to refinance and take cash out from this NNN leased Dollar General located in Charlotte, NC. The borrower acquired the property in 2019 and was seeking a 30-year amortization to maximize cashflow. In addition, the borrower wanted to take cash out of the property to be used for other commercial real estate acquisitions. With the borrower being based in Texas, Capital Advisor, Andrew Bouton, sourced debt from a local North Carolina credit union who were familiar with the asset and area. Andrew negotiated a 3.85% fixed rate product with a 10-year term based on a 30-year amortization and a 67% LTV.

Charitable Cause supported by 1% of StackSource's revenue on this transaction:
Andee's Army