Commercial Real Estate Finance

Sourcing debt solutions, sale-leasebacks, and private equity for commercial real estate development, investment firms, and owners. Our bankers have extensive experience in sourcing capital for commercial real estate in the retail, healthcare, government, higher education, office, and manufacturing sectors.

Real estate developers, investors and owners turn to us as a trusted leader in commercial real estate financing. We have structured and originated over 500 transactions totaling more than $4 billion over the past 18 years and spanning every property type:

  • Retail stores
  • Hospitals and healthcare facilities
  • Government buildings
  • Headquarters/Office buildings
  • Manufacturing, R&D, and laboratory facilities
  • University/College facilities
  • Distribution and warehouse facilities
  • Data centers
  • Bank branches
  • Hospitality
  • Multifamily housing
  • Ground leases

Our bankers have extensive experience in sourcing capital for commercial real estate that includes:

Credit Tenant Lease Financing (CTL)
Our CTL program allows commercial real estate property developers and owners to fully leverage the lease rental stream from a single-tenant property leased to an investment grade entity. CTLs can provide loan-to-value (LTV) ratios up to 100 percent, 1.00x to 1.05x minimum debt-service-coverage, nonrecourse financing to the borrower, one-step construction and permanent loan financing, and an amortization that typically corresponds to the initial lease term (or can also be structured with a longer amortization/balloon).

Sale-Leaseback Financing
Our commercial real estate professionals provide single and multiple property solutions that allow companies to more optimally allocate capital resources to their core business. We structure transactions that align with a company’s business strategy while providing an alternate source of capital.

Real Estate Private Equity Capital
We provide access to many types of institutional equity investors including real estate private equity funds, asset managers, family offices, insurance companies, pension funds and endowments. We source equity investments for specific projects, fund raises for fund operators, general and limited partnership capital or strategic/programmatic joint ventures.

Structured Private Placements
Our bankers are experienced in structuring private placements for real estate transactions that qualify for an investment grade rating through structure as opposed to the credit of the owner or tenant. Examples of these include ground leases underlying office buildings and on-campus student housing.

Restaurant and Convenience Stores
We deliver sale-leaseback advisory and debt placement to restaurant chains, franchisors or franchisees as well as convenience store operators for enterprise value and real estate financings. In addition, we work with third party owners of restaurant and convenience store properties for mortgage financings.

Michael Kalt
Michael Kalt
Head of Commercial Real Estate Group
+1 312 364 8040

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Featured Successes

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