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Single Tenant NNN Fitness Center in San Jose, CA
Recent Transactions

Summary: Borrower sought maximum leverage on a 24 Hour Fitness with 8 years remaining on the lease. BluePoint identified a lender who understood the strength of the location and experience of the Sponsor, allowing for a full-leverage loan.
Loan Amount: $18,900,000
Property: 77,300 SF Fitness Center
Location: Northern CA
Purpose: Acquisition
Rate: Confidential
Term: 15 Years
Amortization: 30 Years
LTV: 75%
Prepay: 5 Years (5/4/3/2/1%)