Build-to-Suit Real Estate Lending
NCCM provides single tenant, NNN lease, build-to-suit real estate development loans. These facilities include up to 100% construction loan-to-cost financing with a 70-80% completed loan-to-value. These loans require an executed long-term lease (10-20 years) from a high-quality credit tenant and approved building permits prior to closing. The debt structure often provides for a more attractive, cost-efficient financing strategy versus the industry standard debt-plus-equity structure. Loans are funded under the following criteria:
| Property types | Single tenant, NNN, build-to-suit retail development |
| Loan amount | $1 Million to $4 Million |
| Geographic focus | Nationwide |
| LTC | Up to 100% loan to cost |
| LTV | Up to 80% of completed value |
| Interest rate (I/0) | 10-12% |
| Term | 12-18 months |
| Prepayment period | 6 months |
| Origination fee | 2-3% |
| Exit fee | 1-2% |