Bay City, MI
Construction-to-permanent without Credit Enhancement CTL Private Placement Bond financing.
- Construction-to-permanent loan on office building
- NN lease with “Date Certain” rent commencement
- Environmentally contaminated site
- Tenant is a private company with confidential and non-publically available financials
- 100% financing, >100% LTC
- 16 month I/O period, followed by 20 yr. term / 20 yr. amortization