CTL Capital is proud to announce the successful closing of a $23,200,000 credit tenant lease loan for a workforce residential development in Modesto, California.
The project, spanning over 60,000 combined square feet, includes multi-story residential buildings and a modern community center, enhancing housing options for the region’s workforce. Secured by a long-term, 35-year lease with an investment-grade Regional Housing Authority, the loan underscores CTL Capital’s commitment to financing essential community infrastructure.
This transaction reflects our expertise in structuring innovative financing solutions for projects supported by local and state government leases.