Credit Tenant Lease for a Walgreens

Mississippi commercial real estate loan

Closed a Credit Tenant Lease (CTL) on a Walgreens in Bridgeport, West Virginia.  The $3,875,000 loan was self-amortizing over the remaining 17-year lease term funded through a life insurance company.  The 17-year fixed interest rate was 5.01%, typical non-recourse loan terms.