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HELVETICA ARRANGES $2.291 MILLION ACQUISITION AND $900K BANK LOAN FOR SINGLE TENANT NNN INVESTMENT FOR PRIVATE INVESTOR 1031 EXCHANGE

Posted by Ben Wilson on Mar 20, 2017 8:06:40 PM
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LongHorn Steakhouse - Amarillo, TX OM.jpg

AMARILLO, TX  - Ben Wilson,Director of Acquisitions for Helvetica Group, identified a $2,291,000 single tenant NNN investement property in Amarillo, Texas for a private investor. The tenant was Longhorn Steakhouse which was on a long term, NNN, corporate guaranteed ground lease providing the investor with a stable, low risk return on their investment. The investor recently sold a multifamily property and needed to quickly satisfy a 1031 exchange to defer a substantial tax liability.  Helvetica was able to search nationwide to locate a suitable replacement property and organize the due diligence and closing within a short period of time. 

Later, Mr. Wilson arranged to refinance the property with a $900,000 bank loan allowing the investor to purchase an additional property and diversify his holdings. 

Deal Highlights:
 
  • NNN Property
  • Stabilized Investment
  • Low Risk
  • Ground Lease
  • 1031 Exchange
  • Permanent Financing
  • Bank Finance
  • Diversification

 Want a Commercial Real Estate Deal Like This?

Let Helvetica be your partner in identifying unique commercial real estate investments.  

 

I WANT TO EARN BETTER YIELD!

 

Topics: Deals, Investing, NNN, 1031X