Location: Joplin, Missouri
Property Type: Single Tenant Retail
Loan Type: fixed rate
Loan Term: 5 year term
This is refinance of an existing property leased from Best Buy closed in 2013. The loan paid off a maturing CMBS loan/ The new loan was with regional lender, non-recourse, 5-year term, no prepayment penalties, 75% LTV, 20-year amortization, rate was fixed at 6%.