CAPITAL STRUCTURE: GROUND LEASE

Low cost, 99-year unsubordinated ground leases
CAPITAL STRUCTURE: GROUND LEASE
Eyzenberg LFC creates and acquires 99-year, unsubordinated ground leases in tandem with its institutional partners.
Property & Transaction Types: Acquisition, recapitalization & development of all income-producing asset classes
Transaction Size: $5MM - $150MM+
Pricing: 3.5% - 5.5% acquisition cap rate dependent on the asset class, location, percentage of the total value, coverage, development, etc…
Purchase Price: Approximately 20% - 40%+ of the total property (fee simple) value
Ground Rent Coverage: 3x - 5.5x of stabilized NOI (depending on asset class and deal specifics)
Rent Escalation: Flexible options include fixed steps, CPI adjusters (with or without caps and lookback resets), percentage rent or flat/ramp up options
Buy-back Options: Deals can be structured with imbedded options priced in
Leasehold Financing: Ground leases are structured to accommodate current balance sheet and securitization requirements enabling leaseholds to be easily financed