Financing UP to 100% of project equity.
Envoy is one of the industry’s most reliable sources of joint venture equity for net lease properties. We specialize in smaller projects located anywhere in the continental U.S. with emphasis on deals between $1 million and $8 million.
Single-tenant, net lease (re)developments
Types: Industrial, Retail, Restaurant, Medical, Commercial
Project cost budgets: $600,000 to $15MM
Recognizable NNN tenants
Minimum lease term: 10 years, NNN format
Repeat transactions with the same tenant(s)
Fund up to 100% of the project equity (Based on location, tenant and developer track record. Equity not to exceed 25% of project costs.)
Preferred return with backend waterfall splits of residual profits
Developer fees are allowed
Fully entitled, shovel ready projects
Developer provides all loan guarantees
Minimum $5MM development pipeline per year
Properties to be sold after stabilization