Archive for January, 2013

Dollar General is Now “Investment Grade” – Eligible for CTL Finance

January 30, 2013

Attention Net Lease Investors, Owners, and Developers .  Dollar General is Now “Investment Grade” and  Eligible for CTL Finance.

Thanks to a recent upgrade Dollar General is now an investment grade corporate entity.

Now that DG is a “Credit Tenant” purchase, development and refinance of DG stores can be financed using Credit Tenant Lease (CTL) lending methods.

MasterPlan Capital can offer long-term (coterminous with the lease), high leverage (to 100% LTV or 100% LTC subject to a DSCR of ~1.05x), fixed rate, non-recourse, CTL loans against existing or planned (with executed lease) Dollar General locations.

Minimum deal size:    3 or more stores, $10mm

Minimum lease term: 10 years

Must be “stand alone” locations

Must be “net” leased. (NN, NNN or bondable)

Contact us or Apply for a CTL loan Online using our simple, one page, inquiry form.

New Options for Multi-Family (Apartment Building) Loans – MasterPlan Capital’s Mid-Sized Multi-Family Loan

January 23, 2013

“Sweet Spot” Mid-Sized Multi-Family lending (Apartment Buildings with 6 or more units) program:

Loan Balance: $5mm-$10mm

Click our Logo to Apply

Click our Logo to Apply

LTV:                      to 75%

Rate:                      3.75%-5.75%*

Area:                      Eastern US

Time to Close:     45 Days (+/-)

*Rates as-of Jan ’13. Rates can change without notice due to market and other factors. Fully underwritten, full recourse lending. Prepayment (step-down) fees may apply. Points of between 0-1.5 may apply. Deposit may be required upon formal loan application.

MasterPlan Capital to Grow Credit Tenant Lease (CTL)Division, sell Hotels, Halt some types of Lending

January 14, 2013

January 2, 2013, BostonMassachusetts, For Immediate Release

Commercial real estate investment banking firm MasterPlan Capital will be concentrating its origination efforts on credit tenant lease financing in the new year and beyond. In it’s annual report to partners, investors, and clients the firm announced that it will be placing more emphasis on growing the companies CTL loan volume and will discontinue lending against some other types of commercial real estate.

MasterPlan has decided to stop originating loans against automotive and gas station facilities, including car washes, and will discontinue rehab loans or loans against underperforming assets (turn-around projects). Further, the company will, over time, dissolve MasterPlan Hospitality Income, a private equity venture that sought to invest in mid-sized hotels along the Eastern Seaboard and on the West Coast of Florida, by liquidating substantially all of the fund’s assets. In 2010 MasterPlan stopped making construction and land loans (accept for single tenant real estate net leased to an investment grade tenant) and they will continue their prohibition on development lending.

 The report said, in-part: “CTL financing is a very efficient use of out time and resources. Once we determine that a deal qualifies for CTL we can proceed with an extremely high degree of confidence in closing. In short; if a stand-alone property has a single, investment grade tenant and a long term net lease, we can absolutely turn that lease into cash for the owner in forty five to sixty days”.

Click our Logo to apply for a CTL or other commercial Mortgage

Click our Logo to apply for a CTL or other commercial Mortgage

 CTL lending is a specialized financing method designed to fund the purchase, refinance and development of single tenant real estate that is net leased (NN, NNN or Bondable) to investment grade tenants. Walgreens, CVS, Home Depot and the US Government are popular tenants who qualify for CTL loans.

 The report continued: “CTL lending is a very unique form of financing that entails aspects of both standard commercial mortgage lending and sophisticated investment banking. Because of our extensive knowledge of both industries we (MasterPlan Capital) are in a very favorable position when it comes to advising clients, arranging financing and shepherding deals through to closing”.  

 CTL bankers issue and sell private placement bonds that are backed by net lease income. Proceeds from the bond sales are used to fund a commercial mortgage loan to the owner of the property. CTL loans are administered by third party trustees throughout the life of the loan.

 In the conclusion of the statement MasterPlan noted: “CTL finance has been a bright spot for our industry and for MasterPlan Capital during a very difficult lending environment. The relationships we’ve developed and the experience we’ve acquired will allow us to become a national leader in credit tenant lease lending over the next few years. We are excited about our prospects going forward and expect that our focus on CTL will continue to benefit our clients and our firm”.

 MasterPlan Capital LLC is a dynamic, privately owned commercial mortgage lender and commercial real estate investment banking firm active nationwide in commercial real estate investment and finance. Commercial real estate investors and property owners can apply for a CTL or other commercial mortgage online or call 800-727-5140  with questions.