3380 Tremont Road, Suite 220, Columbus, OH 43221 614-481-6074

Credit Tenant Lease Program

Indicative Terms

  • Ground Lease
  • Industrial
  • Office
  • Retail
Loan Amount $2,500,000 and up
Loan-to-Value 100% Maximum
Minimum DSCR 1.00 to 1.05
Loan Term & Amortization Typically, the duration of the remaining primary term of the lease at time of closing
Origination Fee Customary 1%
Borrowing Entity A bankruptcy-remote Special Purpose Entity
Recourse Non-recourse, excluding the usual ‘bad boy’ carve outs
Reserves May be required for structural replacements
Prepayment Yield maintenance after a lockout period
Assumability 1% for qualified borrowers
Ownership Transfers Very limited, except for estate planning purposes
Rate Lock 30 to 90 days

Contact Us

3380 Tremont Road, Suite 220, Columbus, OH 43221 614-481-6074