Single-Tenant Net Lease (NNN) Loans | $1M to $50M+

The Best Net Lease Financing, Tailored to Your Deal

Single-tenant net lease (NNN) properties are among the most sought-after commercial real estate investments, offering predictable cash flow backed by creditworthy tenants. Whether you're completing a 1031 exchange, assembling a portfolio, or refinancing an existing NNN asset, Commercial Lending Solutions connects you with the right lender and the right program for your specific situation.

As a commercial mortgage broker with access to over 1,000 lenders, including life insurance companies, banks, credit unions, CMBS conduits, and specialized net lease lenders, we present your deal to multiple capital sources simultaneously and negotiate the best terms on your behalf.

NNN Loan Programs

Program	Rate	Term	LTV
Life Company	5.50%, 6.00%	10-30 yr	Up to 70%
Bank / Credit Union	5.75%, 6.50%	5-10 yr	Up to 75%
CMBS	6.00%, 6.75%	5-10 yr	Up to 70%
1031 Exchange Bridge	7.00%, 8.50%	6-24 mo	Up to 75%

Rates shown are approximate ranges as of Q1 2026 and vary by tenant credit, lease term, location, leverage, and market conditions.

Common NNN Use Cases

1031 Exchange Acquisition

Time-sensitive financing for 1031 exchange buyers. We work within your exchange deadlines to secure competitive permanent financing or short-term bridge capital while you identify and close on your replacement property.

Portfolio Assembly

Build a diversified NNN portfolio with financing structured for multiple acquisitions. Portfolio loans can consolidate several net lease properties under a single loan with simplified management and potentially better terms.

Refinance

Lower your rate, extend your term, or pull cash out of your stabilized NNN investment. Long-term fixed-rate options from life companies can match or exceed your remaining lease term for maximum stability.

Sale-Leaseback

Convert your owner-occupied property into a net lease investment. Sell to an investor, lease it back on NNN terms, and unlock capital while maintaining operational use. Ideal for corporate real estate optimization.

Property Types We Finance

Drugstores (Walgreens, CVS)
Dollar stores (Dollar General, Dollar Tree)
Auto parts & service centers
QSR & fast food restaurants
Bank branches
Medical & dental offices
Gas stations & convenience stores
Big box single-tenant retail

Why Use a Net Lease Loan Broker?

NNN financing is highly specialized, tenant credit quality, remaining lease term, and lease structure all significantly impact available programs and pricing. Going directly to one lender means you get one set of terms. Working with Commercial Lending Solutions, your deal is shopped to lenders who specialize in net lease assets.

Access to 1,000+ lenders, including specialized net lease and life company lenders
One application, multiple competing term sheets
We negotiate on your behalf, rate, fees, prepayment flexibility, and loan term matching
Expertise in 1031 exchange timing and bridge-to-permanent strategies
No upfront fees, we only get paid when your loan closes

Prefer to talk? Call the broker directly.

310.708.0690

Trevor Damyan · Mon-Fri 9am-5pm PT

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FAQ

Net Lease Loan Questions

Credit tenants are publicly traded companies or entities with investment-grade credit ratings (BBB- or higher from S&P). Properties leased to credit tenants like Walgreens, Dollar General, or Starbucks typically qualify for the lowest rates, highest leverage, and longest loan terms, often matching or exceeding the remaining lease term. Non-credit tenants (regional businesses, franchisees, or private companies) can still secure competitive financing, but lenders place more emphasis on the property's location, the borrower's financial strength, and the lease structure. Commercial Lending Solutions works with both credit and non-credit tenant NNN deals.

In a 1031 exchange, you have 45 days to identify replacement properties and 180 days to close. This tight timeline means your financing must move quickly. Many permanent lenders require 45-60 days to close, which can be challenging within exchange deadlines. Options include: starting the loan process before identifying the property, using a bridge loan to close quickly then refinancing into a permanent loan, or working with lenders who offer expedited processing for 1031 exchanges. Commercial Lending Solutions has extensive experience structuring NNN financing within 1031 exchange timelines and can recommend the fastest path to closing.

Remaining lease term is one of the most important factors in NNN financing. Lenders generally want the lease term to extend beyond the loan maturity, ideally by 2-5 years or more. A property with 15+ years remaining on the lease will qualify for the best rates and longest loan terms, often from life insurance companies. Properties with 7-15 years remaining still have strong financing options from banks and CMBS lenders. Short-term leases (under 5 years remaining) are more challenging and may require bridge financing or shorter-term bank loans. Renewal options in the lease can help but carry less weight than firm remaining term.

Yes. Non-recourse financing is widely available for NNN properties, particularly those with credit tenants and long remaining lease terms. Life insurance companies and CMBS lenders routinely offer non-recourse terms for qualifying NNN deals, typically starting at $1M-$2M loan amounts. Non-recourse means the lender's remedy in a default is limited to the collateral property, not the borrower's personal assets (subject to standard "bad boy" carve-outs). Credit-tenant NNN properties with long lease terms are among the easiest commercial assets to finance on a non-recourse basis due to their predictable cash flow and low management risk.

Important Loan Disclosures

Representative Example: A $5,000,000 NNN loan at a 5.75% fixed rate (life company program) with a 15-year term and 25-year amortization would have an estimated monthly principal and interest payment of approximately $31,500. Total amount repayable over the 15-year term: approximately $5,670,000 (balloon balance due at maturity). This example is for illustrative purposes only; your actual rate, payment, and terms may differ.

Rate Range: NNN loan rates currently range from approximately 5.50% to 6.75%, depending on program type (life company, bank, CMBS), tenant credit quality, remaining lease term, leverage, and market conditions at the time of funding.

Fees: Origination fees typically range from 0.5% to 1.5% of the loan amount. Additional costs may include appraisal ($3,000-$8,000), legal fees ($5,000-$12,000), title insurance, environmental reports, and third-party inspections. All fees will be disclosed in writing before loan commitment.

Loan Terms: NNN loan terms range from 5 to 30 years with life company, bank, and CMBS execution available. Non-recourse financing available for qualifying properties and borrowers. Prepayment penalties (yield maintenance, defeasance, or step-down) may apply depending on the program.

Risks: Commercial real estate loans carry inherent risks including but not limited to: property value decline, interest rate changes, inability to refinance at maturity, tenant default or bankruptcy, lease expiration risk, and potential loss of invested equity or the property itself. Borrowers should consult with qualified financial, legal, and tax advisors before committing to any loan.

Broker Disclosure: Commercial Lending Solutions (Commercial Lending Solutions) is a commercial mortgage brokerage, California DRE License #02244836. Commercial Lending Solutions does not make loans directly. All loans are originated and funded by third-party lenders. Commercial Lending Solutions receives compensation from the borrower, the lender, or both upon successful loan closing. Commercial Lending Solutions is not affiliated with or endorsed by any specific lender.

NNN Lease Loans: $1M-$50M | Single Tenant & Portfolio