Structuring Credit Tenant Lease Financing: Balancing Interests of Developers, Lenders, Tenants, and Investors
Recording of a 90-minute premium CLE video webinar with Q&A
This CLE course will provide counsel with a review of the more nuanced aspects of credit tenant lease (CTL) financing as a financing vehicle. The panel will discuss structuring and documenting the transaction and meeting the interests of developers, lenders, tenants, and investors.
Outline
- Trends in credit tenant lease financing
- Lease financeability
- Special risk casualty and condemnation insurance
- Balloons and residual value insurance
- Recourse carveouts and other mitigants
- Structuring and documenting the construction to permanent transaction
Benefits
The panel will review these and other key issues:
- What are the recent trends in CTL financing?
- What are features that make CTLs unique?
- What factors and lease provisions make the underlying lease financeable?
- How can a less than perfect lease be financed with a CTL?
Faculty
David J. LaSota
Shareholder
Greenberg Traurig
Mr. LaSota focuses his practice on the representation of institutional investors in advising, structuring and... | Read More
Mr. LaSota focuses his practice on the representation of institutional investors in advising, structuring and documenting debt transactions, with particular focus on CTLs and project and infrastructure finance. He is experienced with the rules and customs of the NAIC guidelines which govern the treatment of securities (including CTLs) as “Schedule D” bond transactions for certain institutional investors, and is frequently consulted by institutional investors and placement agents for structuring advice and guidance on such matters.
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David Persky
Managing Director, Private Placements
Nuveen
Mr. Persky is a managing director in Global Private Markets for his organization. He is a member of the Private... | Read More
Mr. Persky is a managing director in Global Private Markets for his organization. He is a member of the Private Placements team and is head of the credit tenant loans (CTL) originations program. He has 26 years of industry experience. Prior to joining TIAA-CREF, he worked at Citibank in middle market lending and at European American Bank in national accounts.
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Michael D. Robson
Shareholder
Greenberg Traurig
Mr. Robson focuses his practice on corporate, project and structured finance transactions, including public-private... | Read More
Mr. Robson focuses his practice on corporate, project and structured finance transactions, including public-private partnerships and lease finance transactions. His representation of insurance companies, finance companies, and institutional investors focuses on private placements of debt, both secured and unsecured; complex project and facility financings; real estate transactions; equipment financings; and credit tenant loans. A considerable amount of Mr. Robson’s practice involves energy and infrastructure financings and includes advising, structuring and documenting debt offerings and financing arrangements; negotiating lenders’ interests in project-related agreements; and structuring transactions to attain requisite credit ratings on debt securities from the rating agencies.
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