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Project Snapshot
- Total Financing: $1,000,000
- Project Type: Retail / Single-tenant commercial property
- Loan Structure: 90% LTC
- Loan Type: Ground Lease
- Term: 24-Month
- Location: Illinois
NASB recently closed $1.0 million in financing for a new 7 Brew Coffee property in Illinois, supporting the continued expansion of one of the nation's fastest-growing drive-thru coffee concepts.
Structured as a 90% loan-to-cost ground lease loan with a 24-month term, the financing was designed to align with the project's site preparation and development timeline. The high-leverage structure allowed the borrower to preserve capital while advancing the project toward completion.
"Fast-growing drive-thru concepts like 7 Brew often operate on aggressive expansion schedules, making speed and certainty of execution critical," said Adam Thomas, Vice President and Commercial Real Estate Lending Officer at NASB. "Our goal is to provide developers with financing solutions that help them move quickly when opportunities arise and keep projects on track from closing through delivery."
From convenience stores and quick-service restaurants to drive-thru concepts and other build-to-suit developments, NASB provides commercial real estate financing solutions that help move projects from concept to completion.
For more information about NASB's commercial and investment real estate financing capabilities, visit nasb.com/cre.
