CTL Capital Refinances Loan on Retail Shopping Center backed by AHOLD

CTL Capital recently refinanced a shopping center in North Haven, CT by leveraging a Ahold Delhaize (Stop & Shop) guarantee on lease payments to provide a $9,000,000 loan to the borrower. The long term, fixed rate financing was structured using a 1.0x debt coverage, leveraging the bond-type NNN nature of the lease to maximize the loan value.