Our Function
General
Typical Borrowers
Types of Properties
Types of Loans
Credit Tenant Triple Net Lease Financing

OUR FUNCTION

As the financing arm of 1031-NNN-Properties, LLC (“1031”), our sole purpose is to arrange financing for qualified purchasers of commercial properties – whether purchased through our website, listings, associations or not.

The “quality” of our borrowers separates them from the great mass of hard-money or desperate borrowers, many of who will never satisfy the criteria of “prime” lenders.

We expect our borrowers to be top quality, even when financing non-recourse tenant credit based property.

GENERAL

1031, our parent company, is a licensed real estate broker (Missouri) and has legal relationships with firms throughout the United States.

1031 offers the use of Triple Net Financing, LLC (“Triple Net”) for financing 1031’s properties supplied by its network of brokers and agents, as well as individuals and firms who come directly to it for financing. 1031 also offers the use of Triple Net, for the financing of appropriate purchases and refinances not supplied by 1031.

We offer financing for loans of $1,000,000 to $60,000,000 and above.

Except for credit tenant triple net lease properties, loans are equity and borrower-credit based.

A short borrower’s initial financing inquiry must be completed, either online or by fax. Submitting this inquiry imposes no obligation of any kind. Following submission, an officer of Triple Net will contact you.

Click here to continue with loan request form.

TYPICAL BORROWERS

Our borrowers typically have given non-binding letters of intent to

Purchase commercial properties
Refinance commercial properties
Arrange for financing for one or more properties to be constructed or under construction

Our borrowers are

Firms desiring income producing properties with approved capitalization rates
Firms and individuals that need to quickly place cash in income producing properties
Firms and individuals whose financial advisors determine that they should purchase comparatively “safe” commercial income-producing properties
Persons and trusts that have received large inheritances or awards or have sold businesses for cash – increasing liquidity to an unacceptable level.
Persons, firms and trusts who seek a higher rate of return than provided by banks, bonds, treasuries or other acceptable providers
REITS and other entities desiring acquisitions

TYPES OF LOANS

Loans are designed to compliment the properties and the financing needs of our clients.

Interest-only with balloon. Upon the refinance of the balloon, the lowest possible rates depending on market
Self-amortizing
Loan terms:

 

	10 – 15 – 20 – 25 – 30 year terms
	20 – 25 – 30 – 35 year amortization schedules
	20% – 25% – 30% down payments – dependant on rating of property

 

TYPES OF PROPERTIES

The type of commercial* property to be financed depends on our client’s needs. To some that might appear simplistic, but in fact, it’s crucial.

Typically, our client will pay 20% to 25% as a down payment on a purchase. Equity on refinance scenarios differs. For a quality client, the interest rate will be acceptable, given the market rate at closing and the calculated capitalization rate.

Properties include

Credit tenant triple net leases which are rated BBB or better
Retail – free standing and anchor
Multifamily residential with minimal vacancy rate
Office buildings – single tenant or with minimal vacancy rate
Malls
Warehouses
Distribution facilities
Hospitality facility with recognized flag
Healthcare facility for approved management
Heavy or light industrial

* Triple Net Financing, LLC originates loans secured only by commercial real estate. We do not offer financing for single-family or 1-4 family residential properties, regardless of value.

CREDIT TRIPLE NET LEASE PROPERTIES

The 1031 website lists credit tenant triple net lease properties. These properties

Support non-recourse loans
Bear low interest rates
Have acceptable down payments
Maintain acceptable capitalization rates
Are either

 

	10 year terms and longer, interest-only
	Self amortizing 10 to 25 year terms with 20 – 25 – 30 year amortization schedules

Some example of single tenant properties include:

To contact our Financing Arm please call (314) 997-5227