How to apply for a credit tenant lease (CTL) loan.-What Information is Needed for a Quick Yes or No Answer.

The single most important document a banker needs to see in-order to make a loan decision on the purchase, refinance or development of a single tenant, net leased (NNN, NN or bondable) is the lease itself.

The fact is that if the lease passes muster it is very likely a CTL investment banker can originate and close a fixed rate, high leverage (to 100% LTV), fully amortized commercial mortgage loan in under 60 days.

The executed lease will tell the bank several key pieces of information that are critical to a successful CTL loan. This information includes the lease guarantor, the address of the building, the extent of landlord responsibilities (if any), the monthly rent (from which they can accurately calculate the net-operating-income), the square footage of the building, the existence of any required reserves or escrows and a wealth of other valuable information.

Armed with the details that are included in the lease a CTL banker can, very quickly (usually within 48 hours), give a deal sponsor a highly reliable yes or no decision and if, after reading and analyzing the lease, the answer is yes they can count on an extremely high certainty of execution. The lease will also tell the banker the rent commencement date and how much time is left on the lease. This will allow them to check prevailing rates and calculate their maximum loan amount and the term of the mortgage.

The lease tells the bank almost all it needs to know to determine if a deal can be done.

Click Here / Apply for A CTL Loan or call 800-727-5140 x 101

If your deal is viable they will quickly issue you a quote, if you accept the quote you can expect your deal to close in 60 days or less.

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