Amerifund Commercial Corp.

FEATURED FINANCING

CTL Financing Programs for Single Tenants

GOVERNMENT SINGLE TENANT LEASE

RETAIL SINGLE TENANT LEASE

OTHER INVESTMENT GRADE
TENANT TYPES CONSIDERED

  • Healthcare

  • Financial Institutions

  • Industrials

  • Insurance

  • Utilities

To Consider Other Types Contact Us

 

AUTOZONE FINANCING

CTL Financing for AutoZone Lease


PROGRAM BENEFITS

  • With the assistance of AutoZone Financing (through a CTL Financing Structure), allows investment in AutoZone which according to the rating agencies, should be a safe investment.

  • Up to 97%+ LOAN-TO-VALUE financing if sufficent rent, minimizing or eliminating any cash investment...and potentially cash-out on new construction or refinance.

  • VERY COMPETITIVE LONG-TERM, FIXED INTEREST RATES

  • NON-RECOURSE (standard-carveouts)

  • NO LOAN-TO-COST RESTRICTIONS (allows borrowers to cash-out and still enjoy some cash flow from ownership along with the build-up of equity throughout the loan term, with sufficient rent).

  • NEW CONSTRUCTION. One-time closing for construction-to-perm financing. Forward Commitments are also considered.

PROGRAM SUMMARY

LOAN SIZE: $5,000,000 minimum - No maximum. Prefer a $10 million+ package of AutoZone stores.
GEOGRAPHICS: National, U.S. Territories and Puerto Rico
PROPERTY TYPE: Retail, office or distribution centers
MINIMUM LEASE TERM: Generally works best with a 20 year lease. However, it could be a fit for a 10-15 year lease depending on the rent, costs and borrower's goals.
LOAN TERM: Co-terminus with the lease term remaining
AMORTIZATION: Co-terminus with lease term remaining
FIXED RATES: Very competitive rates. Rate locked at Loan Commitment (typically 3 weeks after Loan Application is signed).
POINTS: Par
DEBT SERVICE: 1.00 for triple net lease, 1.05 for double net lease.
LOAN-TO-VALUE: Up to 97%
LOAN-TO-COST: No restriction - THIS IS ONE OF THE PROGRAM'S NICHES.
ASSUMABLE: Upon buyer approval and 1% fee (along with title and legal)
PREPAYMENT:

Yield Maintenance (U.S. Treasuries plus 50 basis points), TBD minimum

TIMING: Loan Application is generally issued by Amerifund within 48 hours once required initial documentaiton has been submitted and reviewed. 

Once Borrower signs the Loan Application, the package is then presented to potential bond purchasers. It generally takes 3 weeks for a decision and if approved, a loan commitment is issued immediately and the rate lock occurs.

Closing generally occurs within 1-2 days after receipt of third party reports and borrower closing documents.

The total process typically takes 60 days.

Rates and terms subject to change without notice

 

Amerifund Commercial Corp | Contact Us