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

 

KROGER FINANCING

CTL Financing for Kroger Lease

CTL Financing for Kroger Subsidiaries

(Baker's Financing)
(City Market Financing)
(Dillons Supermarket Financing)
(Food 4 Less Financing)
(Foods Co. Financing)
(Fred Meyer Financing)
(Fry's Food Financing)
(Gerbes Supermarket Financing)
(Hilander Foodland Financing)
(JC Food Store Financing)
(King Soopers Financing)
(Owen's Supermarket Financing)
(Pay Less Super Market Financing)
(QFC Financing)
(Ralph's Supermarket Financing)
(Scott's Food Financing)
(Smith's Food Financing)


PROGRAM BENEFITS

  • ALLOWS investment in Kroger food stores which according to the rating agencies, should be a safe investment.

  • Up to 97% LOAN-TO-VALUE with sufficient rent and lease term

  • VERY COMPETITIVE LONG-TERM, FIXED INTEREST RATES

  • NON-RECOURSE (standard-carveouts)

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

  • NEW CONSTRUCTION. Permanent loans funds on an interest-only basis before construction begins based on issuance of a letter of credit from an acceptable bank. The borrower invests the permanent loan funds into the bank issuing the letter of credit. The borrower earns interest on the unused portion of the permanent loan from the letter of credit bank structured as a series of staggered bank CDs matching the construction budget's monthly draws. Forward Commitments also considered.

PROGRAM SUMMARY

LOAN SIZE: $5,000,000 minimum - No maximum
GEOGRAPHICS: National, U.S. Territories and Puerto Rico
PROPERTY TYPE: Distribution, office or retail facilities (including ground leases)
MINIMUM LEASE TERM: Generally works best with a 20 year lease. However, it could be a fit for 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 or a "hang-out" equal to the amount of Balloon Insurance that can be purchased at closing (one time premium of 5-7% of the balloon amount plus premium taxes)...which is typically $25-30 a square foot for big box retail, $10-20 a square foot for distribution facilities and $25-85 a square foot for office. With Balloon Insurance, the interest rate increases 10 basis points (no increase for loans of $50 million+).
FIXED RATES: Very competitive rates. Rate locked at Loan Commitment (typically 3-4 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 restrictions - 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 3-4 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