Lincoln Financial provided an acquisition loan with a 12 year fixed rate below 4% and 25 year amortization for the single tenant, net leased distribution warehouse which spans 127,000 square feet.
“On behalf of our repeat client, MacDougall & Associates, we were able to secure an attractive 12 year fixed interest rate for this sale-leaseback transaction. MacDougall had been actively targeting attractive investment opportunities in the Dallas market for several quarters, and the borrower moved quickly when this transaction became available. Lincoln Financial was attracted to the loan due to the asset’s excellent location at the intersection of two Interstate highways, the strong tenancy, and MacDougall’s expertise with this asset type. Working together, we were able to rate lock early at an attractive yield to the investors and close in less than 60 days.” – Matt Franke