Credit Tenant Leases
With a long track record of originating and trading credit tenant leases (CTLs), Bostonia works directly with borrowers to explore potential CTL financings. The firm also sources deals through exclusive alliances with firms that are involved at all levels of the commercial real estate market. Borrowers in the CTL market include 1031 exchange, developers, sale/leaseback funds, and other owners of commercial real estate who wish to monetize a stream of rent payments from a single tenant. Property types that are traditionally good candidates for CTL financings include warehouse, retail, industrial, office, and health care related facilities. CTL financings can go up to 1.0x Debt Service Coverage Ratio (DSCR), have up to 100% Loan-to-value (LTV), and maturities can range from 5 to 30 years.