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Monday, June 14, 2010

REIT Secures $46.0 Million For 2 Credit Tenant Lease Investments

North Palm Beach, Florida - A real estate investment trust (REIT) focused on single-tenant real estate investments, has announced that it closed on a $37.0 million Non-Recourse Loan (first mortgage loan) secured by its approximately 295,000 square-foot office building. This Commercial Real Estate Investment is located in the University of Utah's Research Park in Salt Lake City, Utah.
The second NNN Commercial Real Estate Investment is used to secure a $9.0 million Non-Recourse Mortgage (a first mortgage loan) is its approximately 128,000 square foot office facility located in Greenville, South Carolina.

The real estate investment trust, (REIT) has one asset in Salt Lake City, Utah is leased to the University of Utah and consists of a leasehold interest with a remaining term of 18 years. This new Non-Recourse loan bears an interest fixed rate of 5.527% and fully amortizes over 18 years.

The real estate investment trust, (REIT) has the other asset in Greenville, South Carolina. This Non-Recourse Mortgage is a fee interest and is leased to a Car Insurance Company for a 20-year term. The new loan requires interest-only payments at a rate of 5.50% and matures on January 15, 2015.

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If you feel this is the right time to invest in Commercial Real Estate, Multi-Family Apartment Buildings, or Triple Net Lease Properties then contact us, Net Lease Properties Site . We can also assist you with your Commercial Real Estate Mortgage and Non-Recourse Loan to purchase a new property.

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