Archive for the ‘commercial mortgage’ Category

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.

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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.

April is Apartment Lending Month at MasterPlan Capital, Multi-Family Mortgage Loans Starting at 3.5% to 80% LTV

March 31, 2012

MasterPlan’s Mid Market Apartment Program: Multi-Family (Apartment) Commercial Mortgage Loans from MasterPlan Capital

Loan Size: $5mm-$25mm

LTV: 60%-80% (Max)

DSCR: 1.2X

Rate: 3.5%-5.5%

Term: 3, 5, 7, 10 or 15

Amortization: 15, 20, or 25

Points: 0-2

Close: 50-75 Days

Underwriting: Full

Apply online at www.masterplancapital.com/masterplanapplication.html ,  call 1-800-727-5140 or email info@masterplancapital.com

To Qualify for Credit Tenant Lease (CTL) Finance Tenant Must Have “Investment Grade” Credit Rating

February 17, 2012

Credit tenant lease finance is an excellent source of capital for the purchase, refinance or development of net leased property. This unique method of lending against single tenant real estate can provide long term, high leverage, fixed rate debt to NNN investors quickly and efficiently, but it is important to realized that not all tenants qualify.

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

To secure CTL loans the tenant must have an investment grade credit rating from a major rating agency. Bankers have no leeway in this matter.

In order to be considered a “credit tenant” the entity must have a BBB- or better rating from Standard & Poors or a Ba1 rating (or better) from Moody’s.

Sponsors and investors with questions about CTL finance or NNN real estate investing are encouraged to call MasterPlan Capital at 1-800-727-5140 x 101 to speak with an expert or to begin the CTL loan process.

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

February 3, 2012

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.

Capital Available for Walgreens Mortgage Loans – Commercial Real Estate Investment Banker Earmarks $80mm for Walgreens Credit Tenant Lease (CTL) Loans.

February 1, 2012

CRE NEWS:
Jan 31, 2012

Commercial mortgage lender and real estate investment banking firm, MasterPlan Capital, has determined its 2012 capacity for credit tenant lease lending against Walgreens stores to be $80,000,000.00. 

Walgreens is a popular tenant among single tenant, triple net (NNN) investors and MasterPlan’s ’12 business plan allocates $80mm in capital for CTL loans for the pharmacy chain.

The firm will consider Walgreens CTL loans with a balance of $3mm or more but prefers portfolios of 3 or more stores with a loan balance of $15mm or better. MasterPlan also noted that it will originate loans against ground leases and construction projects if the numbers work but prefers purchase and refinance loans for fee simple, existing locations. The company’s business plan also revealed that it will shun Walgreens leases with less than 10 years left on them and will instead look to make loans against leases with at least 15 years left on the first leg. 

Walgreens is just one credit mentioned in the firm’s 2012 strategy and their plan noted that it can make loans against almost any tenant that has a long, net (NNN, NN or bondable) lease and an investment grade credit rating (BBB- or better by S&P, Ba1 or better by Moody’s).

MasterPlan Capital Sharpens Focus in 2012; CTL Lending, Bridge Loans and Mortgages on Income Producing Commercial Property to be Emphasized

January 19, 2012

January 3, 2012
Greenwich CT

FOR IMMEDIATE RELEASE:

MasterPlan Capital Sharpens Focus in 2012

Commercial real estate investment banking firm, MasterPlan Capital, has disclosed its 2012 business strategy. In a written statement to clients, employees and investors the firm noted that it will concentrate its efforts on credit tenant lease finance, private bridge lending and commercial mortgage lending against income producing commercial real estate. MasterPlan will deemphasize it’s participation in joint ventures and other forms of equity finance and will not consider land or development loans except for triple net leased projects or for existing clients of the firm.

Regarding credit tenant lease (CTL) loans for triple net leased (NNN), single tenant assets the statement read, in part:

“CTL finance has been one of the healthiest sectors of commercial real estate finance and promises to remain to be strong well into the future. Net lease investors have realized that locking in today’s low rates for the long term is a smart business move. CTL offers them a fixed rate, fully amortized, non-recourse commercial mortgage with terms (coterminous with the lease) to 30 years. MasterPlan Capital can provide these income investors with the absolute lowest rates in the industry and can offer them a very high degree of certainty of execution. In-short, no CTL banker is more competitive in pricing or dependable in closing deals.”

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

The firm also commented on private bridge lending:

“As the economy slowly improves more competitors are entering the short-term, bridge loan space. We intend to compete aggressively for the best deals without subjecting our investors to undue risk. That-is-to-say, in certain instances we might lower our lending rates but won’t increase our loan-to-value (LTV) ratios, won’t offer non-recourse bridge loans and won’t do deals for the sake of doing deals.”

The statement noted that the firm intends to continue originating commercial mortgage loans against income producing commercial real estate:

“Income producing commercial real estate mortgage loans such-as loans against multi-family assets, leased up office properties and light industrial buildings will continue to be a bread-and-butter, activity for the firm.”

The firm went on to explain why it is moving away from joint ventures, equity finance and land and development loans:

“Other forms of structured finance such as joint ventures and equity finance offer the potential for high returns to our company but are very taxing on the time and workload of our people and our third party service providers. We have determined that our valuable time is better spent on our core businesses. As-for lending against land and for construction and development, we will continue making these types of loans against unimproved real estate that is net leased to a single investment grade tenant and for existing clients of our firm but otherwise will no longer be accepting applications for land loans.”

About MasterPlan Capital LLC:

MasterPlan Capital is dynamic, privately held commercial real estate investment banking firm offering credit tenant lease (CTL) loans, commercial mortgage loans and asset management services to commercial real estate investors and owners in the lower 48 states. Clients and prospective borrowers can apply for financing at the firms web site (http://www.masterplancapital.com)  or by calling 1-800-727-5140.

Basic Credit Tenant Lease Lending Criteria – What it takes to qualify for a CTL loan

August 19, 2011

Loan: Commercial Mortgage, Purchase or Refinance
Collateral: Stand Alone, Single Tenant, Net Leased Real Estate
Type: Office, Retail, Warehouse, Distribution Center, Data or Light Industrial
Lease: Triple Net (NNN), Double Net (NN) or Bondable, 10yr +
Tenant: BBB- (or better) by S&P or Baa3 (or better) by Moody’s, or Equivalent.
Term:  Co-Terminus with Lease
Amortization: Full, Self Amortizing

Click on our logo to apply for a CTL loan or other commercial real estate financing

Click on our logo to apply for a CTL loan or other commercial real estate financing

Rate: Fixed, Interpolated US Treasury + Small Margin
Recourse: Non-Recourse
LTV: No Restrictions on LTV (To 100% LTV subject to DSCR)
DSCR: 1x-1.05x
Minimum: $3,000,000.00
Maximum: Virtually No Maximum

—Click Here to Apply for a CTL Loan—Click Here to See How MasterPlan does Business—Click Here to Learn More About the CTL Loan Process

Financing is Available for Walgreens Portfolios – Capital for Credit Tenant Lease (CTL) Loans against Multiple Walgreens Locations – Special Pricing (Low Rates) for 3+ Stores, $15MM+ Loans

August 15, 2011

Commercial real estate investment banking firm, MasterPlan Capital, has a significant, but limited amount of capital available to fund credit tenant lease (CTL) loans for the purchase, refinance and construction of multiple Walgreens stores.

Sponsors with 3 or more Walgreens locations ($15MM+) who are willing to cross collateralize the properties will find current interest rates extremely attractive.

The firm notes that Walgreens financing remains tentative, due to over saturation of Walgreens debt in investors portfolios, but is available as-of right now.

Property owners, builders and investors can apply for a CTL loan on line or can call 800-727-5140 xtn # 1 for a phone consultation.