credit tenant

credit tenant

A national or large regional tenant with excellent credit.Although local tenants may also have excellent credit,oftentimes better than their national counterparts,only the larger companies are called credit tenants.A lender will offer more attractive financing terms for a development with a certain amount of space preleased or currently leased to credit tenants.

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"This property offered investors the opportunity to acquire a 100 percent leased multi-tenant light-industrial facility located within an in-fill submarket and anchored by a strong credit tenant."
The property is leased at a below-market rent on a long-term triple-net lease to a high-quality, credit tenant. Rexford also acquired 1190 E.
The distribution facility contains 83,500 square feet on 6.24 acres and is currently 100 per cent leased to a strong credit tenant, with more than six years remaining lease term.
Long-Term Lease to Credit Tenant also a possibility.
The benefit of an exchange for credit tenant property is that the owner has no responsibility regarding the maintenance costs or the actual management of the property, providing secure, management-free cash flow with outstanding liquidity and high leveragability.
40|86 MORTGAGE CAPITAL INC., CARMEL, Indiana, the commercial mortgage lending and servicing arm of 40|86 Advisors Inc., announced it plans to invest $1 billion (on behalf of its affiliated insurance clients) over the next three years through the firm's fixed-rate commercial mortgage loans, credit tenant lease mortgage loans and construction permanent mortgage loans.
If the tenant plans to occupy a facility for 20 or more years, the aggregate tax deductions for interest and depreciation under a synthetic lease will typically be less than a rent deduction in a credit tenant lease, which must be sufficient to cover both interest and amortization of debt.
This center is shadow-anchored by Walmart and Sam's Club, along with a national credit tenant line up that includes Ross, TJ Maxx Home Goods, Michaels and a number of other nationally recognised brands.
TIAA-CREF's financing is structured as a credit tenant loan.
The ratings of Credit Tenant Lease (CTL) deals are primarily based on the senior unsecured debt rating (or the corporate family rating) of the tenants leasing the real estate collateral supporting the bonds.
This centre is shadow-anchored by Walmart and Sam's Club, along with a national credit tenant line up that includes Ross, TJ Maxx Home Goods, Michaels and a number of other nationally recognised brands.
Of the remaining 67 loans, 59 (82.3% of the pool) are credit tenant lease (CTL) loans backed by properties with leases guaranteed by one of more than 15 different credit tenants.