Gunnar Wilmot - STNL Financing

Commercial Real Estate Financing - NNN Retail and Industrial, mostly

[Jalen Brunson @jalenbrunson1]

I just want to be successful thats all..

[StripMallGuy @realEstateTrent]

Owning retail property is just like owning multifamily, except:

•Less management
•Less tenant turnover
•Tenants pay on time
•Fewer sharks competing for deals
•Far less new supply
•NNN Leases
•No rent control
•Tenants invest in your property
•Higher yields…

[Gunnar Wilmot - STNL Financing @GPWilmot]

@kaylanknit 👏🏻👏🏻

[Gunnar Wilmot - STNL Financing @GPWilmot]

Recently Closed:
$4M acquisition loan on a brand new Caliber Collision 15 year NNN lease at 5.95% on 30 year amortization, no prepay penalty.
$2.6M acquisition loan on a CVS in TX at 5.78%.
Verizon Wireless, Take5, Starbucks and Advanced Auto also closed with similar terms 👀

[Glen Kunofsky @GlenKunofsky]

The Apollo-Realty Income joint venture is exactly the kind of deal that tells you where net lease is headed.

Apollo is putting $1 billion to work in a portfolio of ~500 single-tenant retail properties - dollar stores, pharmacies, QSRs - at a capped IRR of 6.875%. That's below what it would cost @RealtyIncome to raise public equity. The math works, the structure is repeatable, and Realty Income's CEO is already calling it a "template."

More and more large capital managers are finding their way into net lease through private funds and, in this case, through structured partnerships with public REITs.

Institutional investors are recognizing that net lease delivers risk-adjusted returns. Tenants cover taxes, insurance, and maintenance. The income is predictable. The credit is often investment-grade.

Every major capital platform is looking for a home for its money right now. Net lease keeps proving it's one of the best answers.

I'm hopeful transactions like this continue and that net lease keeps getting the attention it deserves.

Read more from @CoStarNews: https://t.co/rPTYIwXhVx

[Gunnar Wilmot - STNL Financing @GPWilmot]

@Patty0G

[Gunnar Wilmot - STNL Financing @GPWilmot]

Just closed. Great terms.

[Gunnar Wilmot - STNL Financing @GPWilmot]

@InvestWithTom Seeing this more and more from lenders in the Midwest specifically.

[StripMallGuy @realEstateTrent]

Nothing impresses me more than a strong sense of urgency and ultra-fast response time.

[Gunnar Wilmot - STNL Financing @GPWilmot]

Three notable STNL closings this week. All 1031 acquisitions. Transaction volume is 📈
- Frito Lay Distribution Center (SC): credit union, 6.1% non-recourse
- Walgreens Distribution Center (IN):
Bank, 70% LTV 6.25%
- Christian Brothers Auto (OH):
Credit union, 40% LTV, 6.0%

[Gunnar Wilmot - STNL Financing @GPWilmot]

@InvestWithTom Send a link please!

[Gunnar Wilmot - STNL Financing @GPWilmot]

Just Closed: $10M bridge loan across two flex industrial assets in Fayetteville, GA. 36 tenants. LSS, Closed in 2.5 weeks with debt fund out of NJ who came through majorly for us
Overall 3 lenders, 3 appraisals, 2 Phase I’s, 2 Phase II’s. Probably 100 signed estoppels? Fun one

[StripMallGuy @realEstateTrent]

There’s far too much capital chasing deals to build a business by focusing on just one market.

The hyper-localized approach is outdated.

Today, you can get detailed information on a site across the country in minutes, something that would have been impossible 20 years ago.

Anyone can now compete in your market from anywhere, so make sure you can compete in theirs, too.

Geographic hyper-focus is highly overrated in today’s world.

Instead, become so hyper-focused on a specific niche that you know it so well you can do a deal anywhere.

[Gunnar Wilmot - STNL Financing @GPWilmot]

Toured this brand new distribution center in Augusta yesterday, 100% leased to Frito Lay / Pepsi. A huge upgrade from where they’d been the last 20 years just 6 miles away.

Financing is locked for the buyer at 68% LTV, 6.19%, non-recourse, no prepay penalty

[Gunnar Wilmot - STNL Financing @GPWilmot]

@investingcre Negative

[Gunnar Wilmot - STNL Financing @GPWilmot]

@sweatystartup One of your most incorrect hot takes of all time but that’s ok

[Gunnar Wilmot - STNL Financing @GPWilmot]

5 recent loan closings:
Dollar General TX: 6.15% fixed for 5 yrs
Chipotle NC: 6.08% fixed for 7 yrs
Dollar General KY: 6.25% fixed for 5 yrs
Dollar General NC: 6.35% fixed for 5 yrs
Retail Strip SC: 6.25% fixed for 5 yrs
#goknicks #knicksin5

[Gunnar Wilmot - STNL Financing @GPWilmot]

@Michael_Asarch Two Starbucks in TX with new 10 year extensions signed?