This property net-leased to Denver Auto Outlet is located in Englewood, CO, immediately South of Denver. The local sponsor had different loans on the two different parcels of land combined and net leased to the tenant. The tenant's car sales have remained strong through the pandemic.
StackSource Capital Advisor Jaideep Chadha arranged a cash-out refinance of both parcels into one commercial mortgage featuring a 3.99% interest rate fixed for 5 years with 25 year amortization. The cash out proceeds will be used to acquire additional investment properties.