What tenant credit quality do NNN lenders want?

Investment-grade or strong national credit tenants with long remaining lease term perform best. Local single-tenant credit is possible but prices and leverage differently.

Is the loan sized to the real estate or the lease?

Both — lenders underwrite residual real estate risk and tenant credit. Lease structure (NNN vs modified gross), renewal options, and corporate guarantees matter as much as cap rate.

Commercial

NNN / Net Lease

NNN Credit-Tenant Financing

Name: Elite Fundings — California Mortgage Team
Address: 552 E Badillo St, Covina, CA, 91723, US
Telephone: (626) 833-7449
Price range: $$

Long-term non-recourse financing on single-tenant NNN properties with credit tenants.

Available throughout Southern California through Francisco Williams, CCIM, NMLS #1858674.

Apply for this program (626) 833-7449

Ideal borrower

1031 buyers and private investors acquiring NNN retail or medical.

Program highlights

Coterminous with lease (10–15 yr)
Non-recourse for investment-grade tenants
Up to 70% LTV
Credit-tenant-lease (CTL) financing for AAA tenants

Typical uses

NNN retail purchase
Medical office acquisition

Frequently asked questions

What tenant credit quality do NNN lenders want?: Investment-grade or strong national credit tenants with long remaining lease term perform best. Local single-tenant credit is possible but prices and leverage differently.
Is the loan sized to the real estate or the lease?: Both — lenders underwrite residual real estate risk and tenant credit. Lease structure (NNN vs modified gross), renewal options, and corporate guarantees matter as much as cap rate.

Program details shown are representative guidelines and subject to individual lender overlays and CFPB / agency requirements. Rates shown are illustrative and subject to change without notice. Actual rate, APR, and terms will depend on creditworthiness, loan-to-value, property type, occupancy, loan amount, loan program, and other factors. Not all applicants will qualify.