Financial Institutions and Triple Net Lease Lending
FIN3
The Financial Institutions and Triple Net Lease Lending division of BONVENU Bank exists to support the growth and balance sheet management initiatives of BONVENU and our partners through strategic loan opportunities originated outside of our primary market or in excess of our internal hold limits.
Financial Institutions (FI)
Through the purchase and sale of loan participations and multi-bank syndicated credit facilities, our Financial Institutions team focuses on the cultivation of mutually beneficial relationships with reputable financial institutions fostering a credit culture in line with the conservative values held by BONVENU BANK.
As a purchaser of loan participations, BONVENU BANK seeks out high quality credit opportunities originated and serviced by well-regarded and well-managed financial institutions. These originations supplement BONVENU BANK’s loan growth objectives and aid in the geographic and industry diversification of our loan portfolio. Targeted industries include commercial real estate, equipment finance and asset-based lending.
As a seller of loan participations, BONVENU BANK is able to assist our financial institution partners achieve their loan growth and portfolio diversification goals by originating and participating quality loan requests from our clients and trusted referral sources, while effectively managing our loan concentrations and internal hold limits. Our FI team works alongside our Loan Servicing department to ensure a superior loan servicing experience for our clients and downstream lending partners.
As an arranger of syndicated credits, BONVENU BANK is able to expand our ability to accommodate financing requests exceeding our internal hold limit by structuring and originating multi-bank credit facilities. We lean on an extensive network of banking relationships and can take a loan through a full syndication lifecycle.
Triple Net Lease (N3)
Our Triple Net Lease team has closed over $175,000,000 in single tenant-occupied commercial real estate loans throughout the South and southern Mid-West regions. Properties financed are generally subject to a long-term lease (NNN or NN+) with financially strong national and regional tenants in the retail, restaurant, medical, office and industrial segments. Our diverse loan portfolio includes tenants such as CVS, Dollar General, O’Reilly Auto Parts, Sherwin Williams, Fresenius Medical Care, Raising Cane’s and many others.
– Acquisition Financing
o Up to 75% Loan-to-Value/Loan-To-Cost
o Loan terms up to 10 years, subject to term of property lease
o Monthly payments based on a 20 – 25 year amortization schedule
– Construction Financing
o Up to 75% Loan-to-Value/Loan-To-Cost
o Loan terms up to 36 months, with a maximum interest-only period of 24 months
o Build-to-suit lease or similar tenant commitment to occupy the property upon completion of construction project is required
BONVENU BANK Single Tenant Net Lease Market
Financial Institution (FI)
STACY J. DART
SENIOR VICE PRESIDENT BUSINESS BANKING
Triple Net Lease (N3)
MARISSA BATES
VICE PRESIDENT - BUSINESS BANKER
MARY CLAWSON
BANKING OFFICER - PORTFOLIO MANAGER