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

 

NON-CTL SINGLE TENANT FINANCING PROGRAMS

What sets Amerifund's non-CTL single-tenant financing programs apart
from typical bank financing are as follows:

• Longer Loan Term

• Longer Fixed Rate

• Non-Recourse

 

What sets Amerifund's non-CTL single-tenant financing programs apart
from typical conduit or CMBS financing are as follows:

• Ability to Consider Shorter Term Single-Term Leases Without Substantial Reserves

• Typically lower rates

 

 

TENANT REQUIREMENTS
Tenant must be BBB- or better rated.

Some lesser rated tenants can be considered under Amerifund's Below Investment Grade Program at a slightly higher rate and generally tighter underwriting. However, no rated tenant below a "BB" rating is considered. An unrated company with a minimum $10 million Tangible Net Worth, strong Retained Earnings and good profitability for at least the last 2 years can be considered.

 

LOAN SIZE: $2-75 million maximum
GEOGRAPHICS: National (includng Alaska and Hawaii)
PROPERTY TYPES: Industrial, Medical Office, Office, Retail and Warehouses.
LOAN TERM: 5, 7, 10 and 15 years (can consider loan term 5 years over lease term remaining, up to 15 years fully amortized)
AMORTIZATION: Typically 15 years greater than the lease term remaining (5-12 years for retail), 25 years maximum for non-recourse, up to 30 years with full-recourse.
FIXED RATES: 200 basis points over the US Treasury Note yield, rounded up to the nearest 1/8%.

Fixed for 5, 7, 10 and 15 years

Rates are locked at Loan Commitment.
POINTS: 1 ($50,000 minimum for loans less than $5 million)
DEBT SERVICE: Non-Recourse: 1.25 after 3% management and $.20-.25 sf Replacement Reserve (if not triple net lease)

Full-Recourse: 1.20 for 25-30 year amortization after 3% management and $.20-.25 sf Replacement Reserve (if not triple net lease). With full-recourse, 1.15 debt coverage considered for 20 year amortization and 1.10 debt coverage for 15 year amortization.
LOAN-TO-VALUE: Non-Recourse: Up to 75%

Full-Recourse: Up to 80%
LOAN-TO-COST: Generally 90-100% (excluding Developer's Overhead and Profit if paying off construction loan).
RECOURSE: Non-Recourse for 75% LTV
Full Recourse for 80% LTV
ASSUMABLE: Upon buyer approval and 1% fee (along with title and legal)
PREPAYMENT: No Penalty
TIMING: Typically 60 days to closing from signed Loan Application

 

 

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