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Build-to-Suit
Development

Build-to-Suit
Development

Program Overview

Construction financing for developers building assets leased to national, franchise-backed, or strong private tenants. Ideal for developers seeking higher leverage supported by tenant credit and long-term lease economics.

Loan Profile

Investment Types

Build-to-suit, redevelopment, construction-to-perm, sale-leaseback

Tenant Profile

National brands, public companies, franchise operators, private credit tenants

Asset Types

QSR, retail, convenience stores with fuel, medical, warehouse, single or multi-tenant

Loan Amounts

$1MM to $15MM+

Leverage

Up to 100% LTC and up to 80% LTV, with up to 100% LTC available with select non-participating REIT partners

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No balloon payments

No prepayment penalties

Approvals based on projections

Refinance high-cost debt

Lower equity and longer terms

Highlights

Long-term fixed rate options

Forward commitments available

Flexible sale-leaseback and exit structures

Representative Transactions

QSR Build-to-Suit Portfolio

  • $16.2MM construction-to-permanent execution across three locations

Medical Retail BTS

  • $7.9MM forward-commitment structure

Convenience Store with Fuel

  • $5.6MM BTS financing with REIT takeout

Frequently
 Asked Questions

Here are a few frequently asked questions to help clarify common concerns and provide quick, helpful answers.

Is tenant credit the primary driver?

Yes, tenant strength and lease terms heavily influence leverage and pricing.

Sometimes, depending on tenant and sponsor profile.

Yes, both during and after construction.

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