Project Snapshot
- Total Financing: $4,600,000
- Project Type: Retail / Multi-tenant commercial property
- Loan Structure: 88% LTC
- Loan Type: Ground Lease
- Term: 24-Month
- Location: Florida
NASB recently closed $4,600,000 in financing for a multi-tenant property in Florida anchored by PNC Bank and Dutch Bros Coffee, a pairing that covers both ends of a morning routine.
Structured as an 88% loan-to-cost ground lease 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.
"Ground lease structures reward lenders who are willing to work through the details rather than around them, and that is where our team adds the most value for a developer," said Adam Thomas, Vice President and Commercial Real Estate Lending Officer at NASB.
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.
