With FedEx facility, Envoy makes foray into the industrial build-to-suit market.

Envoy's recent closing of a $2 million-plus loan in central Colorado for a FedEx ground package facility marks the company's entry into the industrial build-to-suit market.

The transaction, completed under a new construction loan program serving the capital needs of net lease preferred developers, allowed a FedEx preferred developer to achieve 95 percent loan-to-cost construction financing for a pre-leased, single tenant distribution facility located across from Eagle County Regional Airport.

Envoy worked in tandem with its senior bank partner to provide the subordinated financing as a part of a wrap construction loan for this package distribution facility that will serve the communities around the ski resorts of Vail and Beaver Creek.

“Envoy is pleased to have the opportunity to help FedEx Corp.," says Ralph N. Cram, Chief Operating Officer of Envoy. "And its preferred developer finance their ongoing expansion plans to meet their customers’ needs for faster delivery times.”

See the new Envoy ad, running in both Dealmakers, Shopping Center Business

Envoy provides hassle-free equity gap financing for net lease, single tenant properties — helping developers and buyers secure the capital they need, minus the red tape.

We offer three financing programs.

Construction Loans: Up to 95% LTC financing in one construction loan with no back-end profit participation.

Bridge Loans: Up to 90% loan-to-purchase price short-term bridge loans for properties in transition.

JV Equity: Up to 95% equity financing for build-to-suit net lease transactions nationwide.

Download a PDF of our ad here.

Giving net lease developers the capital they need — without all the red tape.

Envoy’s High-Leverage Construction Loan program offers preferred net lease developers the capital they need — minus the red tape.

Single-Source Financing.

Easy Documentation.

No Profit Participation.

“Envoy's program helps developers secure up to 95 percent loan-to-cost financing for their pipeline of net lease development properties without the hassles associated with JV agreements or mezzanine loan documentation,” says Envoy COO Ralph Cram. “And they no longer have to give up control as is typical with pre-sale contracts. It’s everything the preferred developer has been asking for.”

Unlike many financing programs available to developers, including those offered by REITS, Envoy doesn’t require the developer to sell the property immediately following construction.

Instead, the developer retains control of the property simply by paying off the construction loan and paying an exit fee. For many developers, the Envoy program can represent the lowest-cost option for capital when compared to third-party equity and traditional bank construction debt.

For more details on Envoy’s high leverage construction loan program, download our printable flyer containing transaction criteria.

Envoy's latest financing deal, as seen on MarketWatch and CNBC.com.

Envoy's new high-leverage construction loan program, and recent $3.4 million financing of a retail center in Pittsburgh, were recently featured on WSJ's MarketWatch site as well as CNBC online. Envoy's new loan program is the first of its kind, offering net lease developers up to 95% loan-to-cost financing — minus the red tape of JV agreements or mezzanine loan documentation.

For information on the new loan program, go here.

Envoy finances retail center in Pittsburgh for $3.4MM through new loan program.

Ross Park Mall, Pittsburgh.

Ross Park Mall, Pittsburgh.

Envoy Net Lease Partners announces the closing of a $3.4 million loan under a new construction loan program serving net lease preferred developers. The transaction was completed under Envoy's new High Leverage Construction Program, which provides developers with the capital they need -- without the hassles of dealing with JV agreements or mezzanine loan documentation.

Read full news story at GlobeSt.com

Meet with Mr. Cram at the ICSC N3 Triple Net Lease Conference

Mr. Cram will be attending the first-ever ICSC N3 Triple Net Lease conference next month in Dallas and will be available to meet and chat about some new financing alternatives Envoy is now offering retail developers.

One of these is Envoy's high-leverage construction loan program, which provides mid-sized developers with 95% financing for net lease development properties without equity ownership or back-end participation.

Download a flyer on Envoy's loan program.

To arrange a meeting at or near the conference, you may phone Mr. Cram directly at (847) 239-7250 or email him at rcram@envoynnn.com. ICSC's first-ever N3 Triple Net Lease Conference takes place March 3-4 in Grapevine, TX. For more details on the conference, go here.

An improved 2014 is forecast as new net lease properties come to market.

Last month, Shopping Center Business asked Ralph Cram, COO of Envoy Net Lease Partners, to peer into his crystal ball and share what's ahead this year for the net lease retail sector. Following are selected excerpts:

What's ahead this year for the net lease retail sector?

"Overall, we think 2014 will be better as more new properties come to market, though we doubt there will be enough new supply to change pricing for Class A net lease properties. Near term, we think the greatest impact for the retail sector is likely to be higher interest rates, which will effect lower quality net lease properties as buyers trade up to properties with longer lease terms."

With the increased institutionalization of the sector, how difficult is it for individual investors to find properties?

"The REITS are now pushing the one-off, high-net-worth investor out of the running for investment grade net lease properties — driving them into the “scratch and dent market,” i.e., investment grade properties REITs have rejected (such as those with short lease terms or locations with poor sales) and forcing them to lower their tenant credit standards or purchase specialty purpose properties like restaurants or daycare centers. These days, individual investors who want to avoid taking on additional risk have focused on purchasing investment grade properties with lower yields that REITs won’t touch, like ground leases (McDonalds, Chase Bank)."

Geographically, where are you seeing properties trade?

"A few geographic trends are developing. First, we’re seeing the dollar store chains filling out the southwest and western regions and, secondly, retailers are currently following population and disposable income growth in the oil states from Texas to North Dakota, which are both doing very well. We also like Pittsburgh, which has seen good employment and disposable income growth since 2010 and has limited land available for development due to geographic constraints. Outside of that, the demand for South Florida net lease properties is hot but at the moment developers are having a hard time finding affordable sites they can develop."