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Updated over 4 years ago on . Most recent reply
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Lender recommendation? NNN Leasehold Interest - California
Hi all -
I am purchasing the long-term (86 year) Leasehold Interest of a multi-tenant NNN property in California. With COVID, financing less than conventional deals is proving to be difficult. Does anyone have any recommendations for lenders to reach out to?
Price point - +/-$1m
Cap rate - 8%+ (depending on LTV)
Timing- need to close by end of year
Occupancy - 100%
Thank you in advance for your recommendations!
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