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