NLC Financial Service HQ DST
Investment Description
NLC Financial Service HQ DST holds an offered interest in a trust structure associated with Huntington Tower in Detroit, Michigan. The property includes office and parking space leased to a banking tenant. The offering uses a two-tier Delaware statutory trust structure and credit-tenant lease financing.
Key Facts
- Fundraising Status
- Open
- Sponsor Name
- Net Lease Capital Advisors LLC
- Location(s)
- Michigan
- Equity
- $23,751,968
- Debt
- $113,940,598
- LTV (investor offering)
- 82.75%
- Property Type
- Office / parking
Figures use offering-document terms. Investor LTV is allocated debt divided by equity plus debt. Income is projected distributions on original equity; averages exclude sale or 721 proceeds and are not IRRs. Equity and debt cover the offered 79.30% interest. No cash distributions are scheduled during the initial lease term. Figures reflect reviewed document dates, not current operating results. Projections are not guaranteed; availability is maintained separately.
Sponsor Overview
Net Lease Capital Advisors LLC
Net Lease Capital Advisors LLC sponsors the offering. The firm was formed in 2005 as successor to an earlier platform and works on credit-tenant lease finance, sale-leasebacks, exchange structures and net-lease acquisitions.