Credit Tenant Loans

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

credit tenants