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
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Ahmed S.
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
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Paul S.
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. 626-485-5163

Apr 2, 2009
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Imei H.
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
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