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Monday, May 25, 2009

$9.5 Million Financing for Galleria Mall

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Miami Beach, Florida - Our Net Lease Properties news is from the exciting Miami Beach area. The downtown area of Miami business district and the Coral Gables, Florida area are primed spots for triple net lease properties to invest in. Obviously, Investment Property financing is an important aspect of net lease properties. CTL Financing for net lease properties and retail shopping centers with quality Tenants is still available.

We want to report the Galleria International Mall received funds from Commercial Mortgage Lenders. The net leased retail shopping center was offered financing for the amount of $9.5 Million. This Commercial Loan has an mediocre rate of 6.75% and a has five-year term. This Investment Property financing is based on a 25-year amortization schedule. The attractive part for the Commercial Mortgage Lenders is that this is a 50$ LTV (Loan to Value). The Downtown Miami net leased property is a unique investment property. The net leased property is near the Wachovia Financial Center, BankAtlantic and Starbucks net lease properties.

This net leased property is anchored by an excellent Tenant, Marshall's. The Miami Investment Property, the Galleria International Mall features Tenants selling clothing and sporting goods, electronics, and specialty goods. The net leased property has approximately 79 stores in this downtown shopping center. Their are a range of discount retailers including The Dollar Depot, Computer Stop, Mina Clothing of New York, Benneton Factory Outlet, and Brahams Outlet to service Downtown Miami.

This net leased property also services plenty of visitors from South America, Europe, and other exotic locations. The net leased retail shopping center offers a wide variety of food retailers from around the World. The Miami NNN Commercial Real Estate for collateral of the commercial loan is three-levels. The Miami Investment Property is approximately 165,1128 square feet of retail and offices. The net leased property is located at 251 East Flagler Street. The Miami Investment Property is conveniently situated on the well traveled Flagler Avenue. This retail shopping center is about a couple of blocks from Biscayne Boulevard and close to South American Way. This well known retail district helps fuel the Galleria International Mall with retail traffic.

If you are prepared to purchase Commercial Real Estate, you can apply for Commercial Loans at Loanrise.com.

Contact Net Lease Properties to purchase NNN Property or for 1031 exchange replacement properties in these areas.

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