As the financing arm of Westwood Net Lease Advisors, 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 whom 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 1031
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 examples of ingle tenant properties include:
To contact our Financing Arm please call (314) 997-5227
To contact a Net-lease specialist either fill out our briefInquiry Form or call us Toll-free
866-638-1031.
