Comprehensive Construction Financing for Net Lease Developments
Marabella Commercial Finance specializes in Construction Financing for single and multi-tenant net lease developments, offering tailored solutions to meet the needs of borrowers across the U.S. Our network of lending sources ensures access to competitive rates and terms, helping you secure the necessary funding for your project with ease and confidence.
Current Rate Structures and Terms
Interest Rates:
- 7.75% to 8.50% (Prime + 0, with a floor of 7.00% to 7.50%).
- Rates depend on Loan-to-Cost, Loan-to-Value, and the bond rating of the tenant or guarantor.
Loan-to-Cost (LTC):
- Up to 80% to 100% of total project costs.
Loan-to-Completion Value:
- Up to 75% of the appraised value upon rent commencement.
- Lender may underwrite to a 115% minimum Debt Coverage Ratio (DCR).
Terms:
- 12 to 24 months, with potential extensions.
Interest-Only Options:
- Available, subject to project specifics.
Lease Requirements:
- NNN lease executed for a minimum of 10 years.
Geographic Coverage:
- Nationwide.
Developer Requirements:
- Must have a proven track record in similar projects.
Non-Recourse/Recourse:
- Subject to detailed review of the transaction.
Associated Costs:
- Includes appraisal, environmental reports, surveys, draw costs, lender legal fees, title, escrow, and other miscellaneous fees.
Why Work with Marabella?
With over 40 years of experience, Marabella Commercial Finance ensures a seamless process from project evaluation to funding. Our team leverages direct relationships with top lending sources to provide customized solutions for every borrower.
Required Documentation for Construction Financing
To expedite the process, please upload the following documents via our secure link (password: nnn2121)
- Project brochure, if available.
- Copy of the lease, exhibits, and amendments, or a signed Letter of Interest with the tenant and guaranty agreement.
- Timeline for your development.
- Hard, soft, and land cost breakdown.
- Operating statement and rent roll for multi-tenant developments.
- Phase 1 and Phase 2 environmental reports and other relevant documentation.
- Personal financial statement and completed Marabella form (attached).
- Credit report (if available).
- Most recent three years of personal tax returns.
Additional Resources
- Letters of Reference: See what our clients have to say.
- Net Lease TV: Watch our show for industry insights.
- Amortization Schedule: Run your numbers with our tool.
- Website: Explore our offerings in detail.
Contact Us
For more information or to discuss your project, reach out to us:
- Call or Text: (760) 803-6464
- Email: [email protected]
Marabella Commercial Finance is available 7 days a week to help you secure the best financing solutions for your net lease development. Let us assist you today!