Question regarding NNN financing

Is it possible to obtain 100% LTV on a NNN property? My personal credit score is in the 760 range, but do not have much for a down payment.
Example: A NNN property with 10 years remaning on lease, $600,000 with an 7% cap rate. Nationally recognized tenant. What type of down payment is usually required? Thank you.
In Buying Property - Asked by JOe S. - Apr 2, 2009
Report Abuse
Answer this Question

Answer(s)

Ahmed S.
Broker/Agent
Antioch, CA

Most lenders in this market requires at the minimum 20% down but some do 10% and that based on the tenant that occupaying the property and your managment skills and your down payment.I hope that helps.

Apr 2, 2009
Report Abuse
Paul S.
Broker/Agent
Glendora, CA

I'm not sure where one would get the financing mentioned in the first answer. I sell many NNN's and right now financing is a real challenge. If you were an owner/user you could get SBA financing with as little as 10% down but you must occupy 51% yourself. Most lenders are going to require a minimum of 35% down and a DCR of 1.25-1.35 minimum. I am not allowed to give you a contact on this forum but if you email me or call me I can put you in touch with someone that has access to this type of financing. Also if you let me know a little bit more information about the NNN property you are interested in I might be able to point you in the right direction for financing. paulsylvester@remax.net 626-485-5163

Apr 2, 2009
Report Abuse
Imei H.
Developer
Arcadia, CA

This is how today's lender review a borrower:
How much risk the borrower is willing to take on it own.
If the borrower do not willing to invest its cash to the property ( put its capital at risk ), why would I?

Apr 7, 2009
Report Abuse

Welcome to Answers

LoopNet Answers is where the commercial real estate community shares what they know to help each other out. And it's all for free.

Ask a question to get advice from brokers, investors, professionals and local experts.

Answer questions to raise your visibility as a trusted advisor and build new relationships.

Ask a Question

Post Question