Bison announces the closing and funding of a $32 million loan for a developer of single tenant net leased properties at 100+% of cost.
- Tenants include Wawa, McDonalds, 76 Gas-Convenience Store, and Arby’s
- The loan covers 100% of the developer’s investment required to acquire the land, obtain approvals, entitlements, permits, horizontal construction costs, and cover soft costs
- The collateral includes 4 site locations in Florida and New Jersey.
- Have more projects than capital?