Commercial Real Estate Loans

NASB offers commercial real estate financing options for "build-to-suit" projects including single tenant credit and non-credit triple net (NNN) tenants.

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Key Features

Nationwide footprint

Quick closings

Local decision-making

Finance Your Commercial Real Estate Venture with NASB.


NASB offers innovative financing opportunities specific to your commercial real estate project. Our knowledgeable team, with many years of combined experience, takes pride in responsive service and meeting each client's diverse and specialized needs. Whether you seek a build-to-suit retail, land development, or multi-family construction loan, NASB has a program designed for you. We offer individualized planning when structuring our loans and have flexible construction programs to fit your needs.

Every commercial real estate loan NASB originates for owners and investors is serviced in-house, providing excellent value with competitive pricing and quick loan closings.

We specialize in loans for the construction and development of “build-to-suit” opportunities for single-tenant investment grade or corporate-owned triple-net (NNN) tenants. These can include corporate-owned (non-franchised) quick-service restaurants, grocery stores, dollar stores, pharmacies, convenience stores, industrial warehouses, medical offices, and retail spaces. NASB is also the country's leading commercial real estate IRA loan lender, allowing investors to finance a commercial real estate project with a self-directed IRA loan.

Other commercial real estate loan options offered by NASB include:

  • Construction
  • Land Development
  • Multi-family
  • Industrial Warehouse
  • Office
  • Retail
  • Single-Purpose Restaurant
  • Single Family - Investment/Rental
  • Hotel

  • IRA


We go where you go!

View our recent deals across the country.

T-Mobile
$499,956 Loan
Prime Rate
New Hampshire
85% LTC
24 Month Term
Family Dollar
$1,384,850 Loan
Prime Rate
Montana
73% LTC
24-Month Term

Family Dollar
$1,437,900 Loan
Prime Rate
Montana
73% LTC
24-Month Term

Dollar General
$1,806,839 Loan
Prime + 1%
California
66% LTC
24-Month Term

Dollar General
$1,790,406 Loan
Prime + 1%
California
66% LTC
24-Month Term

Dollar General
$1,778,402 Loan
California
75% LTC
24-Month Term


Dollar General
$2,370,000 Loan
Fixed Rate
California
71.23% LTC
24-Month Term

Dollar General
$1,981,500 Loan
Fixed Rate
California
78.19% LTC
24-Month Term

Dollar General
$1,876,275 Loan
Prime + 1%
California
76.27% LTC
24-Month Term

Dollar General
$1,952,249 Loan
Prime + 1%
California
75% LTC
24-Month Term

Dollar General
$2,231,729 Loan
Prime + 1%
California
76.84% LTC
24-Month Term

Dollar General
$2,131,427 Loan
Prime + 1%
California
71.98% LTC
24-Month Term

Dollar General
$2,183,950 Loan
Prime + 1%
California
77.28% LTC
24-Month Term

Dollar General
$1,863,367 Loan
Prime + 1%
California
60.37% LTC
24-Month Term

Dollar General
$1,798,753 Loan
Prime + 1%
Washington
69% LTC
24-Month Term

Dollar General
$1,680,574 Loan
Prime + .50%
Washington
85% LTC
24-Month Term

Dollar General
$1,925,000 Loan
Prime + 1%
Washington
80.93% LTC
24-Month Term

Dollar General
$1,546,633 Loan
Prime + .50%
Washington
85% LTC
24-Month Term

Dollar General
$1,710,000 Loan
Prime + .50%
Oregon 
77.76% LTC
24-Month Term

Big O Tires
$1,906,000 Loan
Prime + .50%
Arizona
80% LTC
24-Month Term

Starbucks
$1,740,000 Loan
Prime Rate
Texas
66% LTC
24 Month Term

Kent Lubrications Center
$5,400,000 Loan
Fixed Rate
Texas
72% LTC
24 Month Term

Kent Kwik Convenience Store
$7,556,913 Loan
Prime + 1%
Texas
79.31% LTC
24 Month Term

Black Rock Coffee
$1,596,000 Loan
Prime + 1%
Texas
70% LTC
24 Month Term

7-Eleven
$6,600,000 Loan
Prime + (.50%)
Florida
80% LTC
24 Month Term

T-Mobile
$1,079,000 Loan
Prime Rate
Florida
83% LTC
24 Month Term

T-Mobile
$1,025,000 Loan
Prime Rate
Mississippi
80% LTC
24 Month Term

T-Mobile
$975,000 Loan
Prime Rate
Mississippi
79% LTC
24 Month Term

T-Mobile
$1,025,000 Loan
Prime Rate
Georgia
79% LTC
24 Month Term

T-Mobile
$968,000 Loan
Prime Rate
Georgia
82% LTC
24 Month Term

T-Mobile
$982,000 Loan
Prime Rate
Tennessee
78% LTC
24 Month Term

T-Mobile
$1,024,676 Loan
Prime Rate
Arkansas
80% LTC
24 Month Term

T-Mobile
$1,000,000 Loan
Prime Rate
Arkansas
80% LTC
24 Month Term

Starbucks
$205,456 Loan
Prime + (.50%)
Ohio
85% LTC
24 Month Term

Dollar Tree
$1,370,000 Loan
Prime Rate
Michigan
83.86% LTC
24 Month Term

Dollar Tree
$1,305,342 Loan
Prime Rate
Michigan
85% LTC
24 Month Term

Dollar Tree
$1,471,177 Loan
Prime Rate
Michigan
85% LTC
24 Month Term

Dollar Tree
$684,718 Loan
Prime Rate
Michigan
85% LTC
24 Month Term

T-Mobile
$970,000 Loan
Prime Rate
Iowa
LTC
24 Month Term

Apartment Complex
$16,993,268 Loan
Prime + .25%
Kansas 
40.35% LTC
24 Month Term

O'Reilly Auto Parts
$1,287,750 Loan
Prime + .50%
Wisconsin
85% LTC
24-Month Term

T-Mobile
$970,000 Loan
Prime Rate
Wisconsin
81% LTC
24-Month Term

7-Eleven
$994,000 Loan
Fixed Rate
Illinois
70% LTC
24-Month Term

Strickland Brothers
$1,365,008 Loan
Prime + 1.5%
Missouri
56.88% LTC
24-Month Term



What commercial property information do we need?

  1. Previous two years and YTD Income/Expense statement
  2. Rent Roll/Lease Summary, including square footage of units
  3. Copies of leases
  4. Property address and description, including age, construction/project type, and square footage
  5. Copy of purchase contract (if purchase)
  6. Photos if available

What commercial loan borrower information do we need?

  1. Personal finance statement or balance sheet (dated within 3 months)
  2. The previous two years' federal tax returns
  3. Use of loan proceeds


Meet Our Commercial Lending Team


jeff wagner

Jeff Wagner

Vice President,
Commercial Real Estate Loan Officer
Call: 816-214-8116
Email: jwagner@nasb.com

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jessica stegman

Jessica Stegman

Vice President,
Commercial Real Estate Loan Officer
Call: 816-508-2165
Email: jstegman@nasb.com



Commercial Real Estate FAQs

We specialize in loans for constructing and developing “build-to-suit” opportunities for single-tenant investment grade or corporate-owned triple-net (NNN) tenants. These include corporate-owned (non-franchised) quick-service restaurants, grocery stores, dollar stores, pharmacies, convenience stores, industrial warehouses, medical offices, and retail spaces.

Yes, we can provide loans in all 50 states. We go where you go!

We require your income/expense statement from the previous two years, rent roll/lease summary including the square footage of units, copies of leases, the property address and description, copy of purchase contract (if purchased), and photos if available.

Your personal financial statement or balance sheet (dated within three months), previous two years of federal tax returns, and use of loan proceeds. 

  • Maximum Leverage - 85% LTC/75% LTV
  • Minimum DSCR for the underlying property 1.0x based on an executed lease*
  • 24-month term
  • I/O for 24 months
  • Interest rate = Prime (“BBB-‘/Baa3’ or better)
  • Origination fee – 100 bps
  • No prepayment premium

*The loan amount may not exceed an amount that can support a minimum 1.0x DSCR based on I/O with an executed lease and a 1.15 DSCR with a 25-year amortization based on an estimated take-out financing market rate.

Loans can close as quickly as 30 days; a typical close takes about 45 days. 



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What our customers say


"Embree Group has worked with the team at NASB for several years and have found them to be very responsive and pleasant to work with. The bank has been a great partner in helping structure our real estate loans on properties all across the country. NASB has worked with us on complicated transactions and thinks outside the box to help us get deals done. We are extremely happy with the results and the great attitude we experienced working with NASB."

- Rocky H., Georgetown, TX

"We have worked for several years now on countless projects with Jeff and his team at NASB and can't say enough great things about them. They communicate great, are very fast and diligent in underwriting and closing deals, and are great at processing the draws in a timely manner. On top of that they are great people and a joy to work with every day."

- David C., San Diego, CA

"I've had the pleasure of closing over a dozen construction loans with the team at NASB over the past few years. Their expertise and professionalism made the entire process run smoothly. They have consistently been available to address any questions, and their deep understanding of the industry ensured that I secured the best terms for my loans. Thank you to the NASB Team!"

- Charles G., Scottsdale, AZ