CTL Capital Closes Loan of 94% LTV for CVS Pool

CTL Capital recently closed on a credit lease loan of $16,000,000 for acquisition financing of a cross collateralized pool of 4 stores leased to CVS Health. The CTL loan was a classic ‘credit tenant lease’ financing, backed by absolute net, bond type leases and resulting in a structure featuring a 1.0x debt coverage ratio with a LTV of 94%.