Project Snapshot
- Total Financing: $4,500,000
- Project Type: Retail / Multi-tenant commercial property
- Loan Structure: 92% LTC
- Loan Type: Build-to-Suit
- Term: 24-Month
- Location: Illinois
NASB closed $4,500,000 in financing for a multi-tenant property in Illinois anchored by LensCrafters and Dutch Bros Coffee, proving that two great tenants under one build are clearer than ever.
Structured as a 92% 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.
"Multi-tenant retail brings added complexity, and being able to underwrite two credit tenants under one loan is where our flexibility really pays off for borrowers," said Adam Thomas, Vice President and Commercial Real Estate Lending Officer at NASB Investment Real Estate.
Whether it's a pair of nationally recognized tenants 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.
