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Updated about 8 years ago,
Finance strategies for Triple Net Leased retail properties?
Hello BPers,
I'm in the midst of selling a large investment property which in the end will net me around $150k. While I know that's not a lot of money for the Retail game, I'm curious as to what kind of strategies people use in purchasing their first Retail commercial investment with a down payment of about 10%?
I have my sights set on a Dunkin Donuts asking $2million. How can I get in the game and get this property for the next 20 years with my little $150k?
Are they using hard money, private lending, or SBA to finance the rest of the down payment?
Could my strategy be: just borrow at whatever cost for the down payment, and think about refinancing afterwards?
Any help for this newbie would greatly be appreciated!
Thanks,
Brendan