New from Trinity – Credit Tenant Financing
New in 2019 – Trinity helped to secure a competitive financing package (Credit Tenant Financing) for a client who was contracted to build a new VA Clinic facility in Northwest Indiana.
This was a three-step process, first we secured loan financing from a lending partner to acquire and secure the land site. Second, we work with a land survey company and a county government agencies to have the land parcel replot, and the third, we secured construction and permanent financing terms that included 100% financing with very competitive long-term rates for 16 ½ years (included construction period) with a DSC coverage of 1.05x.
Trinity was responsible to help organized the team to subdivide the land parcel into two parcels before the construction and permanent financing portion would close. One land parcel will be the new VA Facility. Trinity also helped orchestrate meetings with a construction management firm, architect, general contractor to put together a cohesive team to make sure the project would be successful.
Trinity Financial Consulting is excited to offer a new product of assistance in this field of Credit Tenant Financing. Contact us today!
Trinity Financial Consulting’s consistent strategic approach and wise counsel helped us successful complete the tedious Credit Tenant Financing process. David’s knowledge of the credit financing, construction project management, and his ability to designate required team members were some of the reasons why we will definitely do business with Trinity Financial Consulting again. I will also like to note that their professionalism, attention to detail and service level throughout this 15 month process were outstanding.
Sam & Gloria Bolden, Glomax Inc.