CTL Capital Closes on $21,500,000 CTL Financing for American Express Travel Related Services Divisional Headquarters

CTL Capital closed on a lease financing transaction for the remaining term on an American Express Travel Related Services Co. lease for their headquarters in Ft. Lauderdale, FL. The transaction had a short average life, especially by credit tenant lease standards, but CTL Capital’s professionals utilized an innovative deal structure to create a marketable product with a substantial, un-insured balloon, which was placed by CTL Securities, the broker-dealer affiliate of CTL Capital.