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Project Snapshot
- Total Financing: $4,400,000
- Project Type: Retail / Single-tenant commercial property
- Loan Structure: 75% LTC
- Loan Type: Ground Lease
- Term: 24-Month
- Location: Pennsylvania
NASB recently closed $4.4 million in financing for a new Wawa property in Pennsylvania, supporting the continued growth of one of the nation's most recognized convenience and fuel brands.
Structured as a 75% loan-to-cost ground lease loan with a 24-month term, the financing provided the borrower with a balanced capital stack tailored to horizontal site work and pad delivery. With clearly defined draw mechanics and a two-year development timeline, the project remained on track from site development through tenant handoff.
"Ground lease developments for premier convenience and fuel operators require a lender who understands both development timelines and the strength of the underlying credit," said Adam Thomas, Vice President and Commercial Real Estate Lending Officer at NASB. "Our team works closely with developers throughout the process, helping them stay focused on delivering a successful project on schedule."
From regional leaders to national triple-net operators, NASB provides dependable commercial real estate financing solutions that help developers move projects from concept to completion.
For more information about NASB's commercial and investment real estate financing capabilities, visit nasb.com/cre.
