Project Snapshot
- Total Financing: $7,080,000
- Project Type: Retail / Single-tenant commercial property
- Loan Structure: 87% LTC
- Loan Type: Ground Lease
- Term: 24-Month
- Location: North Carolina
NASB recently closed $7,080,000 in financing for a Hobby Lobby property in North Carolina, a project where the finished product started as a plan on paper.
Structured as an 87% loan-to-cost build-to-suit loan with a 24-month term, this deal gave the borrower exactly what they needed: flexible, efficient capital on a timeline that works. It's the kind of financing that turns opportunity into action, and it's what NASB does best.
"A big box tenant asks a lot of a developer, and it asks the same of the lender behind it. We stay at the table from underwriting through delivery," said Adam Thomas, Vice President and Commercial Real Estate Lending Officer at NASB.
Whether it's a nationally recognized tenant or a high-potential retail asset, NASB is built to deliver tailored financing solutions that help investors move with confidence.
For more information about NASB's commercial and investment real estate financing capabilities, visit nasb.com/cre.
