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Updated over 7 years ago,
Financing NNN building with national / NASDAQ tenant w/o A rating
So I've bought lots of commercial property. Financing hasn't been a problem.
Janky apartments? No prob, my local banks will finance me all day long
Clean apartments? No prob, Freddie small balance will finance all day long.
NNN deals with local tenants? No prob, local bank.
NNN deals with national A+ rated tenants: no problem for several lenders.
Here is one I'm having problems with: it's a new building with a NNN renter (and Guarenteed lease) but since they're not A rated, normal lenders I've used seem to be passing.
Anyone have experience buying/financing these types of deals? What type of lender would find this to be in their wheelhouse? Life co? CMBS?