Credit Tenant Lease (CTL) transactions are structured as private placement bonds that primarily focus on the creditworthiness of the tenant and the lease structure and secondarily on the property type, quality and location of the real estate.
| Sample Credit Tenant List | ||
|---|---|---|
| CVS | Kroger | Bank of America |
| Walgreen’s | Wegman’s | Wells Fargo |
| Walmart | Publix | PNC |
| Lowe’s | HEB | Chase |
| Home Depot | Hy-Vee | Pepsico |
| Kohl’s | IBM | Costco |
| The sample tenant list above is based on Investment Grade Bond Rating and subject to addition and deletion due to fluctuation in Bond Ratings. | ||
Credit Tenant Loan Underwriting:
- Investment Grade or equivalent tenants
- Up to 100% LTV
- 1.00 to 1.05 x DSCR
- 0% vacancy allowance
- Fully amortizing
- All property types financed
- $2 – $500 million
Call or email Paul J. Meyer to Discuss Credit Tenant Loans: (248) 515-0226
Bristol Capital Group
400 W. Maple Road, Suite 175
Birmingham, Michigan 48009
248.203.1384 - Office
248.203.1397 - Fax