7,200 SQ FT Performing Industrial

OH Hard Money

Location: Columbus, Ohio

Property type: Performing Industrial

Type of transaction: Lender purchase w/NNN lease option to tenant

Appraised Value: $499,000

Purchase price: $200,000

Lease option price: $225,000

Broker fees: $4,000.00


The borrower had good equity in his property,  but there were circumstances that did not make us entirely comfortable producing a traditional loan on the property.

We were able to structure a purchase with a lease option that gave the borrower cash he needed. We entered into a NNN lease (2 yr) buy back to the borrowers for 2k/month.   At the end of the two years the tenants agree to purchase the property for 225k.