Build-to-Suit Real Estate Lending

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%