Overview
The borrower owned multiple properties on the same street and had the opportunity to acquire a fully leased NNN single tenant asset and was seeking financing. The subject property was a 19,872 sf newly tenanted building situated on a 3 acre lot.
Pathfinder was able provide bridge financing from a Life Insurance Company for the borrower. We were able to help the borrower close on the loan in under three weeks and provided favorable terms. The loan Pathfinder procured was an interest only loan in the amount of $5,000,000.00.