$6.3 Million Outdoor Storage Acquisition Loan
Our client owns an extensive portfolio of NNN real estate properties, including several properties leased to FedEx. FedEx asked the Borrower to purchase the subject asset adjacent to one property to support parking and storage. Our loan went towards the purchase of the adjacent land and improvements requested by FedEx. In additional to the subject property (land), the Borrowers pledged membership interests in a portfolio of four FedEx leased facilities.