NET LEASE LENDING
LOAN PRODUCT OVERVIEW
OUR LENDING PLATFORM GIVES NET LEASE DEVELOPERS THE CREDIT THEY DESERVE
BUILD TO SUIT & GROUND LEASE LOANS
CONSTRUCTION PERIOD
6-10 Months
STATED MATURITY
12-18 Months
AVERAGE DURATION
12-15 Months
TRANSACTION FOCUS
Single Tenant Build-to-Suit
Multi-Tenant Net Lease Development
Sale Leaseback
Net Leased Acquisition
LOAN SIZE
<$10,000,000
AVERAGE LOAN SIZE
~$4,500,00
MAX. LOAN TO COST
100%
MAX LOAN TO VALUE
80%
INTEREST RATE
10%-12%
ORIGINATION FEE
1%
EXIT FEE
1-3%
ACQUISITION BRIDGE LOANS
LOAN SIZE
Up to $50,000,000
AVERAGE LOAN SIZE
~$10,000,000
MAX. LOAN TO COST
100%
MAX LOAN TO VALUE
80%
INTEREST RATE
10%-12%
ORIGINATION FEE
1%
EXIT FEE
1-2%
CONSTRUCTION PERIOD
None
STATED MATURITY
12-24 Months
AVERAGE DURATION
12-18 Months
TRANSACTION FOCUS
Sale Leaseback
Blend and Extend
Net Leased Portfolio Purchases
STNL Acquisitions
Programmatic
UNDERWRITING
Our expertise lies in both public and private credit investing, as well as real world “on the ground” development experience
LOAN CLOSING
We’ve internally closed over 150 net leased loans since 2015. Seasoned team and transactional counsel focused on problem solving and getting loans closed
CONSTRUCTION DRAWS
Our team actively manages all draws with consistent documentation requirements, quick turnaround and open communication with our borrowers to solve issues as they arise
MATERIAL SUCCESS
If our borrowers win, we win. We focus on building long term relationships evidenced by a vast majority of our loans are to repeat borrowers
Build to Suit Lending
The PSF core net-lease, build-to-suit, and ground lease development lending platform provides unique solutions to developers across the country. PSF provides loans with proceeds up to 100% Loan to Cost / 80% Loan to Value for build-to-suit and ground lease development projects with credit tenants in tow. Paramount is undeniably the leading non-bank build to suit development lender in the country.
Stretch Senior Lending
The PSF Stretch Senior loan product targets single tenant and multi-tenant net leased projects with a focus on larger transactions in the $10 million - $30 million range. Our Stretch Senior loans are capped at 85% Loan to Cost and 70% Loan to value.
Targets Single Tenant Net Lease Acquisitions
PSF targets single tenant net lease (“STNL”) properties with credit tenants and a minimum of 10 years remaining on the lease. In addition to single asset purchases, we are also in the market to buy STNL portfolios and have the ability to execute on large sale leasebacks. Deal size focus in the $2 million - $40 million + range.
Acquisition Bridge Loans
The PSF Acquisition Bridge lending program is generally utilized by sponsors in sale leaseback, blend and extend, and STNL portfolio transactions. Our high attachment point bridge loans for the acquisition of long-term net leased assets has exploded in transaction volume over the past year. We are net lease value experts, can quickly underwrite public and non-public tenant credit, and can write big checks. Just like our build to suit loans, we can go up to 100% Loan to Cost for acquisition bridge loans.
Special Situations and Distressed
The PSF investment platform has flexible, through the cycle capital and an investment team with deep credit and real estate investment experience. Due to the uncertainty created by the COVID-19 pandemic, we are reallocating a portion of our resources to focus on the upcoming wave of distress in commercial real estate. Our special situations capital is focused on four main areas:
• Rescue Financings
• Bridge Loans
• Distressed Loan Acquisitions
• Distressed Asset Purchases