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

 

PUBLIX FINANCING

(Publix Super Market Financing)

CTL Financing for Publix Lease


PROGRAM BENEFITS

  • With the assistance of Publix Financing (through a CTL Financing Structure), allows investment in Publix Super Markets 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. One-time closing for construction-to-perm financing. Forward Commitments are also considered.

PROGRAM SUMMARY

LOAN SIZE: $5,000,000 minimum - no maximum
GEOGRAPHICS: National
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