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Expert leasing and investment services in Commercial Real Estate

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About Us

WHAT IS CTL CREDIT TENANT LEASE INT.?

 CTL Credit Tenant Lease Int. was established by Credit Tenant Lease LLC and a mexican finance company, a Developer, Contractor, and major United States Underwriter of Corporate Securities. This is a "Turnkey" solution for major companies. Real Property and Development needs. Services are offered on a comprehensive turnkey basis or a-la-carte. Please find bios and contact information for team members 

Our Services

BUILD-TO-SUIT-LEASEBACK

PURCHASE - REMODEL - LEASEBACK

BUILD-TO-SUIT-LEASEBACK

CTL Int. can offer tremendous added value through our Build-to-Suit Leaseback Program. We provide complete development services including: General Contracting, Construction Management, Finance, Ownership, Management, and Leaseback. The Build-to-Suit Program affords greater flexibility for the owner:

  • A building that is constructed to highly specific criteria.
  • Minimal or no initial capital outlay.
  • Below market rental rates.

Let CTL Int. serve as your build-to-suit contractor and take full advantage of our design, development, construction, and finance services. 

SALE-AND-LEASEBACK

PURCHASE - REMODEL - LEASEBACK

BUILD-TO-SUIT-LEASEBACK

Sale-and-Leaseback, is a financial transaction, where one sells an asset and leases it back for the long-term; therefore, one continues to be able to use the asset but no longer owns it.

The transaction is generally done for fixed assets, notably real estate, planes, trains and automobiles. The purposes are varied, including financing, accounting, and taxing.

PURCHASE - REMODEL - LEASEBACK

PURCHASE - REMODEL - LEASEBACK

PURCHASE - REMODEL - LEASEBACK

 Purchase Remodel Leaseback has the same attributes  as a Build to Suit Leaseback, using an existing building to design and remodel:

  • Saves time.
  • Below replacement cost of new construction. 
  • High entrance  barrier  markets.
  • Streamline permitting.
  • Lower monthly rent.

JOINT VENTURES

PURCHASE - REMODEL - LEASEBACK

 CTL Int. joint ventures with the following organizations:

  • Architectural and Engineering firms.
  • Real Estate Brokerage firms.
  • General Contractors.
  • REO departments of Lending institutions.
  • ESOPs.
  • Pension Plans.
  • Credit Tenants.
  • Private Public Partnerships.
  • Universities.
  • Not For Profit organizations.
  • Local Chamber of Commerce’s.

CTL FINANCE

CTL Int. can finance investment grade credits and, in some cases, non-investment grade tenants. Loans can be in US dollars or mexican pesos.

NON INVESTMENT GRADE FINANCE

On a case by case bases we can offer financing and other services to non investment grade finance.

LAND LEASE

PRE-APPROVED BUSINESS PARKS

PRE-APPROVED BUSINESS PARKS

Silao Industrial Park.

PRE-APPROVED BUSINESS PARKS

PRE-APPROVED BUSINESS PARKS

PRE-APPROVED BUSINESS PARKS

Silao Industrial Park.


Frequently Asked Questions

 CTL Credit Tenant Lease Int. was established by Credit Tenant Lease LLC and a mexican finance company, a Developer, Contractor, and major United States Underwriter of Corporate Securities. This is a "Turnkey" solution for major companies. Real Property and Development needs. Services are offered on a comprehensive turnkey basis or a-la-carte. Please find bios and contact information for team members 

 A Credit Tenant Lease (CTL) transaction is a specialized commercial real estate financing method where a loan is secured by the long-term rental income from a high-creditworthy (investment-grade) tenant rather than just the property value. It typically features non-recourse, long-term financing with, high loan-to-value (LTV) ratios, often using triple-net (NNN) leases where the tenant bears all costs.


 Key Components and Usage Examples

  • Financing Structure: Loans are often 95%-100% LTV, relying on the tenant's credit rating rather than traditional property appraisals.
  • Typical Tenants: Investment-grade companies, corporate headquarters, or government entities (e.g., Starbucks, DaVita).
  • Usage Example - Construction/Acquisition: A developer uses a CTL loan to fund the construction of a new build-to-suit distribution center for a national retailer, using the 20-year lease agreement as security.
  • Usage Example - Asset Monetization: A company sells its headquarters and enters a long-term leaseback, allowing the purchaser to secure financing based on the company's strong credit.


 Synonyms/Related Terms

  • Credit Tenant Loan
  • Bond Lease Financing
  • CTL Financing
  • Structured Lease Financing 


 Benefits
CTL transactions offer lenders high-quality, long-term income streams with minimal default risk. For borrowers, it provides high-leverage financing and non-recourse options.

 Investment grade credit refers to bonds or issuers with a low risk of default, rated BBB- or higher by S&P/Fitch and Baa3 or higher by Moody's. These high-quality securities indicate a strong capacity to meet financial obligations, often used by investors seeking steady income with lower volatility compared to high-yield or "junk" bonds. 


 Key Aspects of Investment Grade Credit

  • Ratings Scale: The highest rating is AAA, followed by AA, A, and BBB. Anything below BBB- (e.g., BB+, B) is considered speculative or "high yield".
  • Types: Common examples include stable corporate bonds, government bonds, and municipal bonds.
  • Market Function: Used as a portfolio stabilizer, providing fixed income with a low risk of bankruptcy.
  • Sensitivity: These bonds can be more sensitive to interest rate changes (duration) because, as Fidelity notes, they often have longer maturities, according to Fidelity.
  • Risk/Return: Offers a lower risk of default (often less than 0.10% for A-rated) but generally lower yields compared to higher-risk, non-investment grade, or speculative bonds.


 Synonyms and Related Terms

  • High-grade bond
  • Investment grade rating
  • Fixed-income securities (specifically in this tier)
  • Secure credit rating 

 The underlying real estate should be owned by a bankrupt remote single purpose entities such as an LLC 

 Investment grade entities with a Moody’s rating of Baa or a S&P rating of BBB-  or higher are qualifiers. Private companies can be rated as well if their financials are on par with investment grade credit. Other tenants credit may be considered for other none rated Loan or lease back transactions. 

Yes.

 Any property type can qualify for a CTL transaction: Office, grocers, drug stores, construction camps, corporate housing, industrial, special use, hotels, healthcare, and a full spectrum of retailers. 

 Yes, federal, state, municipal, quasi governmental authorities, and not-for- profits such as colleges, universities, hospitals and charities also qualify. 

  • Sale-leaseback
  • Build-to-suit leaseback
  • LTV UP TO 100%
  • Fully amortizing lease term from 5-30 years
  • NNN lease 
  • Date certain

 Yes, but debt coverage ratios can increase dramatically, and could require special reserves and impound accounts. Triple net leases are best auited. 

 The lease rate is priced using a spread over the interpolated treasury for the calculated average life of lease and corresponding loan. The lease rate can be fixed or have rental escalations over the term of the lease. The spread is determined based on the quality of credit, size of transaction, lease structure and overall transaction structure. 

 Yes, as long as there is a date certain on the underlying lease, other requirements on the contractor will be taken into consideration, such as bonding requirements. 

 Yes prepayments can be incorporated into the transaction, with yield maintenance calculated at the interpolated treasury plus an appropriate spread over remaining average life of the lease and corresponding loan. 

 CTL costs are similar to a bond issue, as well as required third party reports such as MAI appraisals and environmental reports. 

 Once the underlying lease is signed and approved by underwriters council, the transaction can close shortly after third party reports are complete and standard closing documents have been received.  This process can take between 15-60 days, depending on the complexities of the specific transaction. 

 No, we offer the following services:

  • build-to-suit leaseback.
  • design build-to-suit leaseback.
  • remodel existing building leaseback.
  • sale lease back.
  • finance.

  NO, CTL LLC. only engages with  pre-selected companies. Our structures  offer massive cost savings to our institutional clients. 

 Since CTL leases rely primarily on the credit of the tenant and not the underlying real estate, CTL leases and  financing are an excellent choice for those properties located in markets where traditional sale or financing is not available. 

 Properties with credit tenants where a borrower with high loan-to-value and /or high loan-per-square foot requirements on properties with credit tenants can utilize with CTL leases, as the underwriting criteria based on the tenant’s investment grade rating versus the real estate. CTL loan to values (LTV’s) are not restricted the typical limitations of LTV’s of conventional real estate lenders. 

 CTL Int. Is a comprehensive solution for major companies, by combining the developers fees, construction management fees, general contractor overhead and profit, design fees, property management fees and pre development costs into one pool. There are significant savings at each level, thus eliminating development risk, and creating a cost saving model that will allow tenants and companies to pay below market rents for their space requirements, while satisfying criteria for averting not creating capital leases. 

Transactions

Case Studies

FBI Headquarter

Federal Bureau of Investigations (FBI) Headquarter Building

Blomfield designed build leaseback. Structured and arranged a construction and permanent Credit Tennant Lease (CTL) transaction.

Background.  FBI through GSA and a RFP asked for 42,000 square feet of office space on a ten year lease.

Challenge.  Leased land owned by tribal government, short construction and permitting and design time frame ( nine months ), low budget, full service lease with operating risks. Secondary market.

Finance Solution. Blomfield arranged for and structured a twenty year bond issue rated by Standard and Poors,  "A" rating stand alone without credit enhancements, on a full service lease. Negotiated in the RFP for two five year renewal options that where exercised prior to construction in exchange for a minor addition of enclosing two rooftop court yards.  This loan was non-recourse, fully assumable,  and the loan was 100% of project cost. Fast track planning allowed the project to be completed in eight month and  sixteen days of winter construction and came in under budget.

Contact in English

JOHN BLOMFIELD

Senior Managing Director
Credit Tenant Leases / Developments
1 (832) 373 - 9627

jblomfield@credittenantlease.com


Area of Focus: 

Credit Tenant Lease, Build to Suit Leaseback, Sale Leaseback, Purchase Remodel Leaseback


Profile:

  • Head of Credit Tenant Lease LLC.
  • Responsible for providing full development services for clients that have investment-grade commercial real estate needs.
  • 46 years of credit tenant lease experience in both public and private finance projects.
  • Multi  country experience including Mexico, United States, and Russia.
  • Numerous Federal and state appointments including Municipal bond bank and United States Russian Investment committee.


Affiliations:

  • Credit Tenat Lease LLC


Contact in Spanish

EDUARDO MAIZ

Info.

(81) 8160-0056

emaiz@credittenantleaseint.com


Profile:

  • Construction and Finance Entrepreneur by Career.
  • Authorized Operator of the Mexican Stock Exchange (Treder).
  • C.O. Brokerage Firm in Mexico City.
  • Founder of Financial Legal Consultants, supporting investors.
  • Founder of two real estate companies, residential developments in the State of Nuevo León.
  • Real Estate Developments in the States of Guanajuato and Nayarit.
  • Co-Founder of Credit Tenant Lease Int.
  • Investor in Securities and Real Estate.

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Credit Tenant Lease Int.

DE LA VICTORIA, Calle Honda, Centro, 36100 Silao, Guanajuato, Mexico

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