General Reinsurance Co.
Tenant: General Reinsurance Co.
Loan Amount: $173,000,000
Loan Type: Permanent
Term: 19.5 years
Building Location: Stamford, CT
Building Size: 310,000 SF +/-
Building Use: Headquarters
- CTL Capital provided long term financing in the form of a credit tenant loan for a newly occupied global corporate headquarters for General Reinsurance.
- The 310,000 SF facility contains all requisite facilities typical to a corporate headquarters including computer centers, cafeteria, fitness center, etc. and houses personnel from Gen Re’s Client Solutions, Group and Specialty, Individual, Operations, and Executive departments along with Gen Re’s Intermediaries Corporation.
- CTL was able to structure around a tenant termination option and other lease exposures and to maximize the present value of the lease payments. The bond financing was structured and sold in multiple tranches to take advantage of the yield curve.