Getting accurate data on your net lease investments is critical and we're here to help. Utilize this guide along with the Onboarding Checklist to get things setup correctly right from the jump.
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Section 1 - Property Details | Information to Enter | Source(s) |
Property Name | Enter a name for your property | n/a |
Address | Find and add the address, Trinety will help you look up and validate the address entered | n/a |
Year Built | Enter year built, often in OM or Appraisal | Offering Memorandum, Appraisal |
Building Size | Enter rentable building area in square feet | Offering Memorandum, Appraisal |
Land Size | Enter land size in acres | Offering Memorandum, Appraisal |
Purchase Price | Enter the price you paid for the property | Closing Statement |
Closing Date | Enter the closing datea | Closing Statement |
Section 2 - Valuation | Information to Enter | Source(s) |
Net Operating Income (NOI) | Enter the NOI which is equal to the base rent less any operating expenses | Offering Memorandum, Appraisal |
Capitalization (CAP) Rate | Enter your estimate of the current market cap rate for your property | Recent appraisal, broker opinion of value, comparative sales |
Value | Trienty will automatically calculate the value by dividing the net operating income by the cap rate. |
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Section 3 - Tenant Lease | Information to Enter | Source(s) |
Tenant | Enter the tenant name | Offering Memorandum, Appraisal, Lease |
Initial Term | Enter the initial term of the lease, Trinety will automatically calculate the term remaining | Offering Memorandum, Appraisal, Lease |
Monthly Rent | Enter the current monthly base rent payment | Offering Memorandum, Appraisal, Lease |
Payment Date | Enter the date the tenant rent is due or typically paid | Offering Memorandum, Appraisal, Lease, Bank Records |
Commencement | Enter the lease commencement date | Offering Memorandum, Appraisal, Lease |
Lease Type | Choose the type of lease, Either NNN or NN | Offering Memorandum, Appraisal, Lease |
Renewal Options | Enter the tenant's renewal options | Offering Memorandum, Appraisal, Lease |
Lease Expiration | Enter the expiration date of the tenant lease | Offering Memorandum, Appraisal, Lease |
Section 4 - Loan | Information to Enter | Source(s) |
Lender/Servicer | Enter the name of the lender or loan servicer | Loan Statement, Loan Agreement, Promissory Note |
Loan # | Enter the loan number assigned the lender/servicer | Loan Statement, Loan Agreement, Promissory Note |
Loan Amount | Enter the initial amount of the loan | Closing Statement, Loan Statement, Loan Agreement, Promissory Note |
Interest Rate | Enter the interest rate of your loan | Loan Statement, Loan Agreement, Promissory Note |
Loan Term | Enter the fixed term of your loan | Loan Agreement, Promissory Note |
Loan Payment | Enter the monthly payment amount of your loan | Loan Statement, Loan Agreement, Promissory Note |
Loan Payment Date | Enter the date the loan payment is due or normally paid | Loan Statement, Loan Agreement, Promissory Note |
Amortization | Enter the amortization period for your loan, typically 20, 25, or 30 years | Loan Statement, Loan Agreement, Promissory Note |
Interest Only Term | Enter the term of any interest only period in years | Loan Statement, Loan Agreement, Promissory Note |
Loan Origination | Enter the date your loan was originated, often the closing date or refinance date | Loan Statement, Loan Agreement, Promissory Note |
Payoff Due | Enter the date your loan matures and/or needs to be paid off | Loan Statement, Loan Agreement, Promissory Note |