CTL Capital is pleased to announce the closing of a $27,125,000 construction-to-permanent credit tenant lease (CTL) loan for a mission-critical government facility leased to the State of California on behalf of the California Highway Patrol (CHP).
The project includes the renovation and expansion of a 48,000-square-foot building for use as a protective services command center located in Sacramento. The facility will serve as a base of operations for the CHP’s division responsible for protecting the State Capitol, visiting dignitaries, and civilians.
CTL Capital worked closely with the property owner and mortgage broker to structure a long-term lease with the State that met the requirements for CTL financing. The loan provided over 100% of the renovation costs, allowing for highly efficient, fixed-rate, non-recourse financing.
This transaction highlights CTL Capital’s deep experience in credit tenant lease financing for government-leased properties and our commitment to supporting essential service infrastructure.
Tags: #CreditTenantLease #CTLFinancing #GovernmentRealEstate #SacramentoDevelopment #CHP #ConstructionToPermanentLoan #CTLCapital