Specializing in many types of financing programs, including working with a Non-recourse loan (Non recourse loan), Apartment mortgage loan, Joint venture real estate, Commercial equity loan, Commercial rehab loan, Structured financing, and Shopping center loan. Of course we're known for our experience in dealing with: land development loans, hard money loans, apartment loans, industrial building loans, and real estate equity.

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Credit Tenant Financing

Credit Tenant Lease (CTL) financing is a powerful tool to maximize the financing on your commercial real estate properties leased to investment grade tenants for either existing or to-be-built properties.  Grace Capital also has programs for CTL tenants that are below investment grade.  Please see Single Tenant Properties.

  • Debt service coverage is as low as 1.003
  • 100% Construction financing available for "Build-To-Suit"
  • No loan to value constraints
  • No deductions for management or vacancy
  • No cost per square foot constraints
  • Pre-development funds available on case by case projects
  • Buyers Available For Credit Tenant Leased Properties
  • Tenants with a credit rating of BBB--or better

Credit Tenant Loans Qualifications

  • Public or private companies
  • National or regional in operation
  • Rated investment grade (BBB/Baa2 or better) by public debt rating service such as Standard & Poor's or Moody's--public debt ratings are preferred, but not required.
  • Minimum tangible net worth of $50 million
  • Five years of audited financial statements available for review

Rating Agencies

Credit Tenant Loans Parameters

  • Loans of $2 million and above
  • Rate lock at application
  • 30/360 interest rate calculation
  • Full amortization or covered balloon exposure at maturity
  • Good faith deposit refundable at loan closing
  • Special purpose entity borrower preferred but not mandatory
  • Closings generally handled utilizing in-house staff, local counsel as needed depending on size and complexity of the transaction
  • Open to prepayment from origination with yield maintenance
  • Transfer/assumption rights allowed subject to lender's review and approval

Examples of Tenants Financed Under This Program

Wal-Mart, Amoco Oil, Circuit City, CVS Corp., Tandy, TJMax, Nationsbank, Bridgestone/Firestone, Pep Boys, Chase Manhattan, Stop & Shop, Mobile Oil, BlueCross/Blue Shield, Federal Express, Key Bank, US Post Office, Lowe's Companies, Exxon, Walgreen, Food Lion, McDonald's, Sears, Winn Dixie, Home Depot, Wellpoint, Georgia Baptist Hospital.

Please contact an Account Executive

Rate and terms subject to change without notice

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Other programs include: non-recourse loan | apartment mortgage loan | joint venture real estate
commercial equity loan | commercial rehab loan | structured financing | shopping center loan

Need to discuss a transaction? Please contact an Account Executive.

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