Archive for September, 2011

Money Available for Walgreens Credit Tenant Lease (CTL) Loans – Special Low Rates for Loans against Portfolios (3+ Locations, $15MM+ Loan Balance)

September 19, 2011

Commercial real estate investment banking firm, MasterPlan Capital LLC is actively seeking to fund credit tenant lease (CTL) loans against stand alone, net leased, Walgreens stores. The firm has significant but limited liquidity for Walgreens loans and specifically is looking to make loans of $15MM or more against portfolios of 3 or more Walgreens locations that can be cross collateralized. Sponsors, owners, developers and investors can inquire or apply for CTL financing online or may call 800-727-5140 xtn 1.

Loan:                 First Position Commercial Mortgage
Recourse:          Nonrecourse
Type:                  Fixed Rate, Full/Self Amortizing
Rate:                   Interpolated US Treasury Rate + Margin
Minimum:         $3MM (prefer $15MM+)
LTV:                    To 100% (subject to DSCR)
DSCR:                  1x-1.05x 
Term:                   Co-Terminus with Lease
Assumable:         Yes
Time to Close:      45-60 Days
Funding:                Private Placement Bonds