CTL Capital Provided $245MM Construction and Permanent Loan for GSA Agency Headquarters
CTL Capital recently closed a $245,000,000 construction-permanent non-recourse credit tenant lease loan. Proceeds, representing 100% of project costs, will be used to construct a 575,000 SF agency headquarters facility. The CTL loan will be secured by the building and a modified gross with the United State of America, acting by and through the GSA. The project represents a major space consolidation for the GSA and relevant agencies. CTL Capital continues to be a leader in financing properties leased to the federal government, having loaned over $11Bn for such properties since 1998.