Q10 | National Mortgage Co. funded an $8,000,000 construction loan with a forward take-out for the renovation of a 25,493 square foot medical clinic in Bend, Oregon. The property will be occupied by the Veteran’s Affairs (VA) Administration on a long-term lease.
A one year lag was anticipated between initial construction financing and occupancy, necessitating a strategy to protect against potential rate volatility for future funding of the permanent loan. With a strong tenant like the VA, Q10 | National Mortgage Co.‘s Jeff Lyon called upon long-term strategic partners Broadview CTL Capital, a Credit Tenant Lease (CTL) financing expert and Mesirow Financial, an investment banking firm. The team worked closely with the borrower, consulting on lease structures to optimize loan proceeds and interest rate.
A CTL financing mechanism allowed rates for the forward take-out to be locked at historic lows with an exceptional loan to value and provided the ability for Q10 | National Mortgage Co. to fund construction financing.
Financing Details
- $8 Million Construction Loan with a Forward Take-out
- CTL financing mechanism
Let Q10 | National Mortgage Co. find the right financing option for you.
Debt/Equity Placement · Joint Ventures · Structured Finance · Sale/Leaseback · Innovative Thinking
