Back to the full list of closings

news photo
NNN Retail Loans

Successful Closed Loan for CVS Pharmacy in Illinois

Tags: NNN financing, Retail loans, Nonrecourse loans
Tuesday, Nov 05, 2019
by Jared S

The Madison Group (TMG), a leading national lending source of retail financing nationwide, arranged the $600,000 purchase for a CVS Pharmacy in Illinois.

The borrower’s primary goal was to find non-recourse financing for a low leverage NNN credit tenant transaction.  Based on the excellent risk parameters associated with the deal, TMG was able to secure non-recourse financing at an excellent rate resulting in a win-win for both borrower and lender.  The loan process resulted in a satisfied client who was able to achieve all of the goals for the financing of this property.  This particular deal was about finding the right lender that could offer the right terms and get to closing on a tight closing time frame. 

Location:  Illinois

Property:  CVS Pharmacy

Loan Amount: $600,000

Interest Rate:  3.75%

Term:   3 Years

Amortization:  3 Years

Prepayment:  None

LTV:   18%

Recourse: None

Full List of Recent Closings