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COMMERCIAL REAL ESTATE MORTGAGE:
(1) How Long does it takes to close a loan?
(2) What is the monthly LIBOR Index?
(3) What is a yield maintenance prepayment penalty?
(4) What is a lock period?
(5) Do you provide loans throughout the United States?
(6) Who are your lending sources?
(7) What is a CAP Rate?
(8) What is net operating income?
(9) What is debt service coverage?
EQUIPMENT LEASE:
(1) How long is the lease application process?
(2) Can I select my own equipment?
(3) Once I am approved, what happens next?
(4) How will leasing affect my company's cash flow?
(5) Is a down payment required?
(6) How are lease payments structured?
(7) What is a "fair market value" purchase option?
(8) Can lease payments be reduced?
(9) Can I purchase the equipment I've leased?
(10) What is a "dollar-out" purchase option?
(11) What is "purchase upon termination"?
TERMS AND COLLATERAL:
(1)
What types of equipment can be leased?
(2) How long can I lease equipment?
(3) What happens at the end of the lease term?
(4) Can I combine several equipment purchases from different
suppliers in one lease?
APPLYING AND PROCESSING:
(1) How long does it take to process a lease application?
(2) Are there a lot of required documents?
(3) What types of credit requirements are there for leasing?
(4) When does funding happen?
(5) How do I get started?
ASSET BASED LENDING:
(1) What is an Asset Based Loan?
(2) What's the difference between asset based lending and
traditional
bank financing?
(3) What is asset based financing typically used for?
(4) What is typically included in an asset based loan agreement?
(5) How does an asset based lender monitor its borrowers?
(6) What is a revolving credit facility?
(7) What is a term loan?
(8) What is debtor-in-possession (DIP) financing?
(9) What is EBITDA?
(10) What is LIBOR?
(11) What types of financing are offered by BCF?
(12) Is BCF the right lender for my business?
CAPITAL MARKETS:
(1) Is BCF a direct lender?
(2) What are BCF's minimum and maximum loan amounts?
(3) What fees does BCF charge?
(4) What are BCF's loan terms and rates?
(5) Does BCF work with Mortgage Brokers?
(6) How long does it take for BCF to close my loan?
(7) How do I contact a loan officer?
ADVISORY SERVICES:
(1) Don't all real estate firms provide advisory services?
(2) How does BCF charge for advisory services?
SALES LEASEBACK OPTION
(1)What is a sale leaseback?
(2)Why should you consider a sale/leaseback with BCF?
(3)What if you own land but have not started construction on your
new
building?
(4)What is a triple net lease?
COMMERCIAL REAL ESTATE MORTGAGE ANSWERS:
(1)
How Long does it takes to close a loan?
We can generally give you an assessment of your situation in our
first conversation. You can get "pre-qualified" as quickly as 2-5
days. For "Lite- Doc" programs, approval and closing can take place
within 3-4 weeks. Full documentation loans that require third party
reports such as appraisals and environmental inspections usually
takes between 30-60 days to close. Providing us with complete information
and documentation early on can speed the process considerably.
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(2) What is the monthly LIBOR Index?
LIBOR is an abbreviation for the "London Interbank Offered Rate".
Similarly to the Fed Funds Rate, it represents the rate at which
banks are willing to loan each other reserves. The LIBOR is an average
of the rate charged on dollar- denominated deposits traded between
banks in London. LIBOR is quoted for specific terms as opposed to
the Fed Funds Rate that is indicative of overnight loans between
banks. A lot of short-term debt or "floating-rate" debt is priced
off the LIBOR yield curve. It is an international standard for interest
rates. LIBOR is expressed as 1-month, 3-month, 6-month and 1-year
rates.
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(3) What is a yield maintenance prepayment
penalty?
All of the conduit programs have this type of prepayment penalty
because the paper is sold to the bond market and those bond holders
have purchased a 10 year bond in which they are paid part of the
monthly mortgage payment. Therefore, the yield maintenance prepayment
penalty basically is all of the interest payment due on the loan
which is what the bond holders bought for that fixed period of time.
A more simple way of stating this is that if the borrower wants
to refinance the property they will have to pay all of the interest
on the mortgage left on the balance of the note to pay off those
bond holders. However, a mortgage is assumable for 1% by a new qualified
borrower if the currently owner wants to sell the property.
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(4) What is a lock period?
Usually for 4 years it means the borrower can not refinance the
property for that period of time. However, the property can be sold
at any time because the loan is assumable for 1%.
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(5) Do you provide loans throughout the United
States?
Yes. We lend on commercial properties typically located in metropolitan
areas, ie., cities and larger suburban areas.
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(6) Who are your lending sources?
Our sources include private investors, pension funds and hedge funds.
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(7) What is a CAP Rate?
A measurement of the rate of return on an investment. NOI divided
by purchase price. NOI/Cap Rate = Value.
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(8) What is Net Operating Income (NOI)?
Gross rent/income less expense = NOI.
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(9) What is Debt Service Coverage (DSC)?
Divide the NOI by the annual debt service (P&I x 12).
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EQUIPMENT LEASE ANSWERS:
 (1)
How long is the lease application process?
When BCF Leasing Solutions receives a completed credit
application, we can render a credit decision in as little as two
hours.
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(2) Can I select my own equipment?
Yes. You have the choice of selecting your own equipment up-front
and then applying for a lease or you can get pre-approved and then
select your equipment with confidence.
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(3) Once I am approved, what happens next?
Once the credit application is approved, lease documents are delivered
to you for your signature. Once we've received the signed documents
and you've accepted your equipment, we will make payment to the
vendor.
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(4) How will leasing affect my company's cash
flow?
Leasing offers lower monthly payments than other financing sources.
Those lower payments can help you bring revenues and expenses into
closer alignment. And because payments are fixed, you can forecast
future expenses more accurately and improve your budgeting process.
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(5) Is a down payment required?
Leasing is generally considered 100% financing, with two advance
payments usually required.
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(6) How are lease payments structured?
While most leases provide for regular monthly payments, payments
may be made in advance, in arrears, or at irregular intervals. Terms
range from 24 to 60 months and can be customized to suit your company's
needs.
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(7) What is a "fair market value" purchase
option?
You can purchase the equipment at the end of the lease term for
its fair market value - the price at which the equipment you've
leased would be sold by a willing seller and purchased by a willing
buyer.
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(8) Can lease payments be reduced?
Lower monthly or quarterly lease payments can be arranged. It's
important to understand that while an extended term may lower the
amount of the individual payment, the aggregate amount paid over
the term of the lease will be higher.
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(9) Can I purchase the equipment I've leased?
At the end of the lease term, you have three options:
• Return the equipment.
• Purchase the equipment.
• Continue to lease the equipment on a month-to-month basis.
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(10) What is a "dollar-out" purchase option?
A "dollar-out" purchase option gives you the opportunity, at the
end of the lease, to purchase the equipment you've leased for $1.
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(11) What is "Purchase Upon Termination"
or "PUT"?
"Purchase Upon Termination" is a type of lease in which you purchase
the equipment for a pre-determined amount of the original purchase
cost, at the end of the lease term.
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TERMS AND COLLATERAL:
(1) What types of equipment can be leased?
A wide range of equipment is eligible for leasing, including
computers, business machines, furniture, telephone systems, medical
equipment and industrial equipment.
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(2) How long can I lease equipment?
Typically lease terms range from 24 to 60 months, depending on the
type of equipment covered by the lease.
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(3) What happens at the end of the lease term?
Depending on the type of lease you choose, there are several options
available at the end of your initial lease term. Generally, these
options may include one or more of the following:
• Continue to lease the existing equipment (subject to credit
approval)
• Upgrade to new equipment (subject to credit approval)
• Purchase the equipment
• Return the equipment
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(4) Can I combine several equipment purchases from
different suppliers in one lease?
Yes; you can bundle multiple equipment purchases into one equipment
lease, which offers you the convenience of one consolidated monthly
payment.
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APPLYING AND PROCESSING:
(1) How long does it take to process a lease
application?
The response time depends on the size of the lease request.
Generally, a decision on applications for lease requests under
$100,000 can be made in a few hours.
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(2) Are there a lot of required documents?
The streamlined lease documentation is simple and easy to complete.
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(3) What types of credit requirements are there for leasing?
Generally, businesses that have been in existence for at least two
years, with a satisfactory credit history, are candidates for
leasing.
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(4) When does funding happen?
Upon receipt of the signed documents, and delivery and acceptance of
the equipment, payment will be sent to the equipment vendor(s) and
supplier(s).
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(5) How do I get started?
Call the lease processing center at 1-888-900-0035; a leasing
specialist will help you with your equipment leasing request.
See our Getting Started and
Application page for more info.
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ASSET BASED LENDING:
(1) What is an Asset Based Loan?
An asset based loan is secured by a company's accounts receivable,
inventory, equipment, and/or real estate, whereby the lender takes a
first priority security interest in those assets financed. Asset
Based Loans are an alternative to traditional bank lending because
they serve borrowers with risk characteristics typically outside a
bank's comfort level."
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(2) What's the difference between Asset Based Lending and
traditional Bank Financing?
The primary difference between asset based lending and commercial
bank financing is what the lender looks to first for repayment of a
loan. A bank will look first to the cash flow for the repayment,
then to collateral. An asset based lender looks to collateral first.
Since banks underwrite cash flow as their primary repayment source,
they typically require less collateral controls and monitoring but
more financial covenants. For "asset rich" companies, an asset
based
loan may make more funds available because it is not based strictly
on the anticipated levels of cash flow. Additionally, the structure
often requires fewer covenants, providing more flexibility for many
borrowers.
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(3) What is Asset Based Financing used for?
Asset Based Loans offer flexible financing solutions for the
following uses:
Working Capital
The assets available to apply to a business' operations are
considered working capital assets. At times, working capital loans
are needed to bridge financial gaps during the lifecycle of a
business. Working capital loans can be secured by a variety of asset
types, including accounts receivable, inventory, equipment, and/or
real estate.
Acquisition
To grow a business, a company may look to acquire a strategic
partner or even a competitor. Asset Based Financing is often an
efficient means to obtain funding for business acquisitions. Learn
how Simplicity doubled its size through acquisition and asset based
financing.
Turnaround Financing
Turnaround financing is often used by under-performing businesses
that are not achieving their full potential. In some cases, it is
used for businesses that are either insolvent or on their way to
becoming insolvent. Asset Based Lenders are accustomed to the
bankruptcy process and asset based financing is ideal for
turnarounds because of its flexibility.
Capital Expenditures
Capital expenditure is the money spent to acquire and/or upgrade
physical assets such as buildings and machinery. Capital expenditure
is also commonly referred to as capital spending or capital expense.
Debtor-in-Possession (DIP) financing
Debtor-in-possession (DIP) refers to a company that has filed for
protection under Chapter XI of the federal bankruptcy code and has
been permitted by the bankruptcy court to continue its operations to
effect a formal reorganization. A DIP company can still obtain
loans--but only with bankruptcy court approval. DIP financing, which
new debt is obtained by a firm during the Chapter XI bankruptcy
process, allows the company to continue to operate during a
reorganization process. Asset Based Lenders also provide exit
financing or confirmation financing to companies coming out of
bankruptcy.
Growth
Typically, as a company grows so does its need for financing. Also,
as a company's collateral grows, its assets can strengthen its
ability to borrow. An experienced and creative asset based lender
can assemble a credit facility that can scale to grow with a
company.
Recapitalization
Recapitalization is the process of fundamentally revising a
company's capital structure. A company typically might recapitalize
due to bankruptcy or replacing debt securities with equity in order
to reduce the company's ongoing interest obligation. A leveraged
recapitalization typically achieves just the opposite--by taking on
a material amount of debt, the company increases its ongoing
interest obligation but is able to pay its shareholders a special
dividend
Refinancing/Restructuring
When a company enters or exits a growth stage, refinancing or
restructured financing maybe key to creating a capital structure
that better meets the needs of the company. This type of financing
is often used for market expansion, completing an acquisition,
restructuring operations, or following a successful corporate
turnaround.
Buyout
A buyout is the purchase of a controlling percentage of a company's
stock. In a leveraged buyout (LBO), the acquiring company uses the
minimum amount of equity to purchase the target company. The target
company's assets are used as collateral for debt, and its cash flow
is used to retire debt accrued by the buyer to acquire the company.
A management buyout (MBO) is an LBO led by the existing management
of a company. Most LBOs are also MBOs.
Leveraged ESOP (Employee Stock Ownership Plan)
A leveraged ESOP allows a company to raise its capital-to-asset
ratio by issuing new shares of stock to an employee trust, which
finances the transaction with an Asset Based Loan. The ESOP loan is
repaid in pretax corporate dollars, and dividend payments to
employees as well as the dividends reducing the bank loan are
tax-deductible expenses. ESOPs may provide new capital for expansion
or capital improvements, to buy out the stock of a retiring owner,
to divest a division, to make acquisitions, and buy back publicly
traded stock.
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(4) What is an Asset Based Loan agreement?
A typical loan agreement with an asset based lender provides
protections, rights, and remedies for both parties. It also
establishes guidelines on how the Asset Based Loan is to be
administered and how expectations are to be met. In addition, the
Asset Based Loan agreement may include a limited number of
restrictive and/or financial covenants, but these are typically
fewer than conventional commercial loan agreements.
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(5) How does an Asset Based Lender monitor its borrowers?
The level of controls and monitoring by the Asset Based Lender is
directly related to the credit-worthiness of the borrower. Typical
controls include:
Borrowing Base Formula
Is a borrowing base formula that monitors the relationship between
the value of the collateral available, to secure the outstanding
loan and the actual balance of the loan on a regular basis.
Collateral Reporting
Funding controls, or collateral reporting, may be required daily,
weekly, or monthly and range from submission of sales
invoices/shipping documents to accounts receivable aging and
listings/inventory listings.
Collection Controls
The asset based lender requires dominion, or control, over cash by
establishing a collateral account into which accounts receivable
collections are deposited. Access to this account is restricted to
the asset based lender.
Ongoing Audits
Ongoing audits are also used to monitor the account. The asset based
lender will audit the borrower's books and records periodically to
verify the accuracy and validity and to substantiate collateral
values as represented by the borrower.
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(6) What is a Revolving Credit Facility?
A revolving credit facility, also known as a "revolver," is designed
to optimize the availability of working capital from the borrower's
current asset base. As the borrower repays a portion of the loan, an
amount equal to the repayment can be borrowed again under the terms
of the agreement. Eligible assets commonly included in calculating
the current asset base are accounts receivable and inventory. The
term "revolver" is used because the amount the asset based
lender is
willing to lend increases if the amount of the assets securing the
loan increases. Funds are loaned to a company based on a certain
percentage of the value of eligible accounts receivable and
inventory. Such loans are limited by the predictability of cash flow
to service the debt. A revolving line of credit typically has a term
of one-to-three years with renewal provisions. The advantage of a
revolving credit facility is that the company can use current assets
as collateral to secure a loan rather than wait until the collateral
has been converted to cash.
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(7) What is a Term Loan?
One component of senior debt is a term loan. This is typically an
Asset Based Loan that is based on a certain percentage of the
orderly liquidation value of the machinery and equipment and the
appraised fair market value of the land and buildings. Asset Based
Loans against equipment and real estate are often made in the form
of term loans that include regular periodic payments of both
principal and interest in order to retire the debt at a fixed
maturity date. Asset Based Loans using real estate as collateral
have longer maturities than equipment loans because of the generally
shorter economic life expectancy of equipment.
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(8) What is Debtor-In-Possession (DIP) financing?
Debtor-in-possession (DIP) refers to a company that has filed for
protection under Chapter XI of the Federal Bankruptcy Code and has
been permitted by the bankruptcy court to continue its operations to
effect a formal reorganization. A DIP company can still obtain
loans--but only with bankruptcy court approval. DIP financing, which
new debt is obtained by a firm during the Chapter XI bankruptcy
process, allows the company to continue to operate during a
reorganization process. Asset Based Lenders are well versed in
providing DIP financing, confirmation financing, or exit financing
as companies emerge from bankruptcy protection.
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(9) What is EBITDA?
The term "EBITDA" stands for, Earnings, Before Interest, Taxes,
Depreciation and Amortization. It is a financial tool often used to
measure a company's cash flow and ability to service its debt. It is
a legitimate tool for analyzing lower-rated credits, but less
appropriate for higher rated credits. To compute EBITDA, add back
interest expense, depreciation expense, and amortization expense to
pretax income.
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(10) What is LIBOR?
The term "LIBOR" is an acronym for London Interbank Offered Rate,
which is the market interest rate charged by lenders and paid by
borrowers for U.S. dollars outside U.S. borders (commonly called
Eurodollars).LIBOR is quoted on a daily basis representing fixed
time periods ranging from 30 days to 360 days. The rate is set not
by banks but by market forces in the supply and demand of
Eurodollars. Interest rates on senior acquisition financing are
normally based on a floating rate related to either the prime rate
or LIBOR.
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(11) What types of financing are offered by Blue Crown Funding?
Unlike cash flow lenders, BCF asset based lenders finance loans based on
tangible assets. We focus first on the collateral's
cash conversion cycle for repayment and second on cash flow.
Asset Based Loans
BCF provides asset-based credit facilities ranging
from $10 million to $200 million and more throughout the U.S., Canada,
and Mexico, representing companies with annual sales typically between
$20 million and $500 million. BCF services the
financing needs of manufacturers, wholesalers, distributors, and
service businesses. For larger loans ($50 million+)--syndicating or
distributing the debt among a group of financial institutions helps
to better manage risk. A syndicated loan is typically structured and
priced by a lead arranger, or agent, who then sells portions of the
credit to other lenders or investor groups under terms negotiated by
the agent.
Syndicating asset-based deals requires a particular set of
skills--collateral exams as well as machinery, equipment, and real
estate appraisals. Critical to syndication is the reputation of the
lead arranger and administrative agent. Expertise in asset valuation
and syndication is why BCF is one of the largest
asset based lenders in the country in deals over $100 million.
Senior Stretch Financing
Senior Stretch is a hybrid financing solution that falls between an
asset based loan and a cash flow loan. Also known as an
"over-advance loan", it is structured with both asset-based and cash
flow components, providing a higher level of leverage and delivering
more capital up front than cash flow only loans.
Second Lien
A senior secured second lien works in tandem with an asset based
loan and provides a company with some liquidity when other capital
sources may be less accessible. It holds the same rights and
covenants as a traditional bank loan except that it is second in
line in terms of repayment priority.
High Yield Debt
High yield debt offers a highly flexible and less restrictive
financing alternative for many companies. High yield debt is
typically used to meet longer-term fixed rate financing needs
related to working capital, refinancing, recapitalizations,
acquisitions, or capital expenditures. High yield securities are
non-investment grade debt instruments with an S&P rating of BB+ and
below or a Moody’s rate of Ba1 and below. High yield securities are
registered with the SEC and commonly sold to institutional investors
such as pension funds, mutual funds, and insurance companies--where
a higher level of credit risk and leverage is acceptable.
Junior Secured Loans
A junior secured loan, also known as tranche B loan, provides
incremental liquidity and leverage to borrowers who are tapped out
with their existing senior lenders. As a form of junior debt,
tranche B loans are riskier than traditional senior debt and
therefore require higher returns.
Mezzanine Financing
Mezzanine financing falls between senior debt and equity on a
company's balance sheet and is typically used to fund a growth
opportunity such as an acquisition, new product line, new
distribution channel, or a plant expansion.
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(12) Is BCF the right lender for my business?
Blue Crown Funding has extensive Asset Based Lending experience in a
wide range of industries and business sectors. Learn more about what
industries and companies Blue Crown Funding has provided financing
for in the Transactions section of our website.
Whether you are a manufacturer, distributor, retailer, or service
organization, Blue Crown Funding will work to understand your
company's unique business needs to structure an Asset Based Loan
that helps to meet your company's strategic goals. To further answer
your questions regarding Asset Based Loans, or to arrange a
consultation, please contact us toll free at 888-900-0035, or send
an e-mail to
kimac@bluecrownfunding.com in Los Angeles County, CA and
charlesw@bluecrownfunding.com. Orange County, CA.
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CAPITAL MARKETS:
(1) Is Blue Crown Funding “BCF” a Direct Lender?
BCF is both a Direct Lender and an Intermediary. Our borrowers are
given an alternative form of financing with regards to our pool of
investors and/or capital partners. As a Direct Lender we serve as
principal in all our closings whether they are portfolio loans,
securitized or agency transactions.
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(2) What are BCF's minimum and maximum loan amounts?
BCF only provides commercial financing and as such does not provide
residential loans to consumers. For most asset classes our minimum
loan amount is $3MM and we have no maximum loan amount. Loans that
exceed 100MM will require Syndication or Participated Out with
approved lenders. Listed below are property types and the lending
limits:
• Multifamily: A minimum of $3MM to $50MM on this asset class.
• Retail: A minimum of $3MM to $100MM on all retail assets.
• Office: A minimum of $3MM to $100MM for Suburban and Central
Business District Class A office. Class B space considered with a
strong sponsor.
• Industrial: A minimum of $3MM for Industrial Properties.
• Hospitality: A minimum of $5MM minimum to $200MM for Flagged
Hospitality Assets.
• Construction: A minimum of 15MM to 100MM.
• Mezzanine: A minimum of $2MM to $15MM. BCF requires a minimum
sponsor co-invest of 5%-10% based upon sponsorship suitability and
project strength.
• Equity: BCF will consider equity requests of $5MM of more for the
aforementioned asset classes.
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(3) What fees does BCF charge?
BCF offers par pricing on all institutional quality permanent
financing. Construction loans, Structured transactions or deals with
underwriting issues may incur loan fees above par. Additionally BCF
does not charge upfront fees (advisory services notwithstanding) for
its loans. There is absolutely no cost or obligation to the sponsor
until we issue a formal Loan Application at which time we'll ask for
a standard application fee to cover third party costs like any other
lender. However before we even get to the issuance of a Loan
Application and assuming that we have an interest in your
transaction, BCF will issue a Letter of Interest or Term Sheet which
serves as a soft quote on pricing and sizing.
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(4) What are BCF's Loan Terms and Rates?
Each transaction is priced and sized based upon the unique
underwriting characteristics of the project. One of our strongest
value propositions is that we are both a Direct Lender and
Intermediary. We can provide non-recourse long term fixed rate
pricing, short term floating rate pricing or float to fixed options.
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(5) Does BCF work with Mortgage Brokers?
BCF offers select mortgage brokers access to capital. BCF has one of
the largest approved broker networks in the industry. However we
only work with approved brokers and who have completed our
application processgo to insure submission of qualified projects. To
find out more about BCF's Approved Broker programs please view our
Broker Referral Page.
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(6) How long does it take for BCF to close my loan?
All commercial projects are unique with different characteristics.
We can close most transactions and will fund within 45 days to 60
days of a signed Loan Application being received by BCF. We
understand all issues with regard to expeditious processing and
closing and have solid quality assurance programs in place to insure
that we meet all execution goals and maintain operational
excellence.
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(7) How do I contact a loan officer?
BCF loan officers are divided into teams based upon asset classes,
loan amounts, and loan types. We maintain a full time business
development officer to insure that all origination inquiries are
routed to the loan officer most qualified to address your needs. Our
business development officer can be accessed via our toll free
number, local direct dial numbers or via e-mail. For more
information please view our contact page.
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ADVISORY SERVICES:
(1) Don't all real estate firms provide Advisory Services?
A multitude of firms in the industry provide advice, however few
firms offer the experience and advice to correct major challenges
with commercial projects. We are often retained to resolve
situations caused by poor advice received from unqualified sources.
If you are seeking the quality of strategic and tactical advice that
will position your initiative for success and certainty of execution
then we would invite you to compare the qualifications and track
record of our advisory practice to other service providers within in
the industry.
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(2) How does BCF charge for Advisory Services?
Consulting with a qualified Advisory Service is a prudent investment
of time and money. If you want to know if your project is viable and
possesses all the right essentials to generate projected returns on
investment. There is no better way than to provide assurances that
every step was taken carefully, and that the numbers work for all
parties involved with your project. We have discovered that some
firms are willing to invest hundreds of millions of dollars at risk
in a real estate investment, but not be willing to spend $5,000 to
have their project evaluated by professionals. We have a tremendous
amount of flexibility in how we structure our fees to make sure that
the investment in advisory services adds to the ROI of a project.
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SALES LEASEBACK OPTION:
(1) What is a sale leaseback?
A sale leaseback is a financing technique that provides an
opportunity to raise cash for your business. A sale/leaseback takes
place when a business sells real estate it already owns to a third
party for its fair market value ('the sale') and then immediately
enters into a long-term net lease and continues to occupy the
property (the 'leaseback'). Alternatively, the business identifies
an existing building that it desires to use. It then allows a third
party to purchase that property and immediately enters into a
long-term lease to occupy the property.
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(2) Why should you consider a sale leaseback with
BCF?
If real estate is not strategically important to your operations,
why own it? By completing a sale leaseback with BCF,
you can unlock the value in your real estate, increasing your cash
on hand that can be used to grow your primary business. You will be
paid full market value for your property which will provide cash to
expand operations or pay down existing debt. There is no fee to your
company.
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(3) What if you own land but have not started construction on
your new building?
BCF can be involved at the outset, assisting in
design, budgeting and structuring of the transaction. We are
experienced in all aspects of real estate development and we can
become an integral part of the project team.
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(4) What is a triple net lease?
A triple net lease is a contract between the landlord (buyer) and
the tenant (seller) where the tenant remains in control of the
building operations and continues to be responsible for building
insurance, real estate taxes and maintenance. Sale Leaseback
Benefits
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