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| Selected Transactions |
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Sale-Leaseback |
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| Overview |
An existing retail center in a major city. |
Project Details |
A quality property owned by a borrower whose credit profile precludes conventional financing. The financing request was at 75% LTV, with a strong appraisal value of $14 million. |
Opportunity |
Sale-leaseback transaction due to the significantly lower timeframe and cost associated with taking control of the asset in the event of default by the sponsor. |
Structure |
Sale-leaseback at $10.5 million with the option to re-acquire the property at the end of the term. The option payments and monthly rental payments effectively replicated the financial cost of the loan. |
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