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Home > Offerings > ARC Income Properties II

ARC Income Properties II

No Longer in Offering - This Offering is Fully Subscribed

ARC Income Properties II is an income note program whose net proceeds were used to acquire and pay related expenses for a portfolio of 50 bank branches triple-net leased to PNC Bank. The properties are leased for a primary term of ten years with a 10% rent increase after 5 years, and are further subject to a mortgage loan of approximately $33.3 million. American Realty Capital expects to pay interest on the notes currently from rents paid by PNC Bank, and to repay the principal amount of the notes by raising equity through its affiliated broker-dealer.

Key Facts

Offering $13 million aggregate principal amount of notes due in 2011
Interest 9.00% per annum, paid monthly
Tenant Rating
S&P AA-
Closing Date
Notes can be purchased by investors until March 31, 2009
Term 3 Years
Extensions
Two 1-year extensions, at option of ARC
Minimum Investment
$25,000, with $1,000 inrements thereafter
Offering Type
Regulation D
Suitability
Accredited Investors Only

Questions regarding this prior offering? Contact Us

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