Property type
Single-tenant NNN loans, matched to your deal
A single-tenant NNN loan finances a property leased to one tenant who pays the taxes, insurance and maintenance under a net lease, so the lender is underwriting the tenant’s credit and the remaining lease term as much as the real estate. A long lease to a strong credit can support long-term, non-recourse financing; a short lease or a weaker tenant pushes the loan toward the building’s value without the tenant. Lenders differ sharply on both.
- 20,000+loan programs screened
- 5–8matches on a typical deal
- Zero upfrontto submit and compare offers
- 1 hourmedian first offer
Who is a single-tenant NNN loan actually for?
Buyers and owners of free-standing retail, quick-service restaurants, pharmacies, dollar stores, medical clinics, distribution buildings and similar property leased to a single tenant on a net basis, including buyers completing an exchange who need certainty on timing. The asset is bought for its income stream, and the financing is shaped by how durable that stream looks to the lender.
What do net-lease lenders disagree about?
How they rate the tenant when there is no public credit rating, how much lease term they need beyond the loan term, what happens in their model if the tenant leaves, whether they will lend on a ground lease, and how they treat rent bumps and renewal options. Life companies, securitized lenders and banks each answer these differently, which is why one net-lease file can return offers that differ in term, recourse and leverage.
What should be ready before the file goes out?
The lease with every amendment, the tenant’s financial information or rating, a rent roll that shows the remaining term and options, the property’s expense history even if the tenant pays it, and the buyer’s plan for the asset when the lease ends. Files that answer the dark-value question before it is asked are the ones that move quickly.
How does getting matched actually work?
You describe the deal once — about five minutes — and it is screened against 20,000+ loan programs. Most deals return 5–8 matches, and the median first offer arrives in under an hour. There is Zero upfront; the fee is 0.50–1.00%, paid only at closing.
YieldStack is a commercial mortgage brokerage, not a lender. The rate, the leverage and the credit decision belong to the lenders competing for your deal; our job is making sure the right ones see it at the same time, so the terms you compare are real competition rather than one desk’s appetite.
What do lenders actually look at?
Every program weighs these in its own way — which is the argument for several quoting at once.
- The tenant’s credit and whether it is rated, and how the lease is guaranteed
- Remaining lease term against the loan term, and what the options add
- The property’s value with and without the tenant in place
- Rent structure, escalations and any co-tenancy or termination rights
- The borrower’s plan at lease expiry
Frequently Asked Questions
What does NNN mean?
Triple net: the tenant pays property taxes, insurance and maintenance in addition to rent, so the owner’s income is close to the rent itself. It is the lease structure most single-tenant commercial property uses.
Can a net-lease loan be non-recourse?
Often, when the tenant credit and lease term are strong enough for a life company or securitized lender. Weaker tenants or shorter leases usually mean a bank loan with some recourse.
Does the lease have to outlast the loan?
Most lenders want meaningful lease term left after the loan matures, and they differ on how much. When it does not, the loan is sized more on the building than the tenant, and the terms change accordingly.
Can I finance a net-lease purchase in a 1031 exchange?
Yes, and many net-lease buyers are exchange buyers. The financing has to fit the exchange timeline, which is a reason to have several lenders quoting at once rather than one at a time.
Is YieldStack a lender?
No. YieldStack is a commercial mortgage brokerage, not a lender. Every term sheet comes from a lender in the network and is subject to that lender's underwriting.
Does it cost anything to see terms?
No. It costs Zero upfront to submit a deal and review offers; YieldStack's broker fee is 0.50–1.00% of the loan amount and is paid only at closing.
Is financing guaranteed?
No. Every credit decision is made by the lender; YieldStack arranges the introductions and negotiates on the borrower's side, and no loan, rate, or closing is guaranteed.
Where does YieldStack operate?
Nationwide. YieldStack arranges commercial real estate financing nationwide. Every deal is business-purpose commercial financing, and the broker fee is paid only at closing.
One deal.Several lenders.
YieldStack is a commercial mortgage brokerage, not a lender.