Recent Transactions
Sale-Leaseback Transactions
Unlocking millions in capital for leading financial institutions.
Recent Transactions
Two Exclusive and Unique Bank Branches in Idaho
Transaction Value: $12.6M
Lease Terms: 15-year Lease
Florida Branch – Single Location
Transaction Value: $4.8M
Lease Terms: 20-year Lease
RECENT MARKET TRANSACTIONS
SouthState Bank
Transaction Value
$475M
Lease Terms
15-year NNN, 2% increases
First Seacoast Bank
Transaction Value
$7.5M
Lease Terms
15-year with extension
Shoreline Credit Union
Transaction Value
$4.8M
Lease Terms
15-year lease
CVB Financial Corp.
Transaction Value
$17M
Lease Terms
15- and 18-year Triple-net leases
Harborstone Credit Union
Transaction Value
$41.8M
Lease Terms
Long-term with acquisition preparation
“Brian and Alex, and their team, were competent, decisive, and responsive throughout the entire process, which greatly facilitated the transaction. It is not an exaggeration to submit that, in spite of time constraints brought about by the previous party, this was among the smoothest loan transactions we have experienced at CapEd Credit Union.”
Casey Taylor
VP of Commercial Lending, CapEd Credit Union
How the Numbers Look
| 1 | Fair Market Value | $15,000,000 | Assume a $15M fair market value for a portfolio of multiple branches. | |
| 2 | Book Value | $3,000,000 | Assume a combined $3M book value for the substantially depreciated branch portfolio. | |
| 3 | (1-2)x(1-21%) | CET1 Capital Generated from Sale-Leaseback | $9,480,000 | After tax (21%) capital gains generated by the sale-leaseback. |
| 4 | Leverage Multiplier | 10x | Assumed leverage multiplier applicable to the new CET1 capital. | |
| 5 | (3×4) | Tier 1 Lendable Capital | $94,800,000 | New lendable capital created. |
| 6 | Annual Net Interest Margin | 3.00% | Assumed net interest rate applied to the new capital. | |
| 7 | (5×6) | New Revenue | $2,844,000 | Gross profit on lending. |
| 8 | (3×8%) | Leaseback Expense | $758,400 | Annual NNN lease payment; 8% of the purchase price. |
| 9 | (7-8) | Increase in NOI | $2,085,600 | Net Profit on lending. |
| 10 | (9/2) | Annual Return on Balance Sheet Equity | 69.52% | First year increase in NOI divided by the balance sheet book value of the branches. |