For ten years, Capital Lease Funding (CapLease) has been at the forefront of structuring and financing transactions for properties net leased to high credit quality corporate, government and not-for-profit tenants. CapLease’s staff of net lease structuring and underwriting experts have worked together as a team for many years and are recognized to be among the most knowledgeable and creative in the industry. This group of professionals has structured and financed over $2.5 billion in net lease transactions involving over 500 properties to more than 75 high credit quality tenants.

Building on our position as a leading expert in credit tenant lease (CTL) financing, CapLease has recently raised net proceeds of approximately $222 million in equity capital through an initial public offering and now operates as a net lease REIT traded on the New York Stock Exchange. As a result, based on our target borrowing levels, we will have approximately $850 million to invest in debt, equity and mezzanine loans collateralized by net lease properties. What makes CapLease unique is that we are one of the few, if not the only, net lease companies that offer our corporate and developer customers “one stop shopping” for all their net lease transactions. As a well-capitalized, publicly traded net lease REIT, we are strongly positioned to compete aggressively for all types of net lease transactions involving high credit quality tenants.
        “Whether a developer or corporation is seeking a fully amortizing loan, a ten-year CTL loan, is looking to sell a net lease property, is interested in a mezzanine loan, or even advice on how to best structure a sale-leaseback, CapLease can be of assistance,” noted Paul McDowell, CapLease’s CEO.

A good example of the type of creative options CapLease offers its clients is the Company’s Joint Venture Development Program. Developers who have assignments to source, locate and build a number of stand alone net lease properties for credit tenants, may be in need of pre-development capital. CapLease has designed its Joint Venture Development Program to help developers fund the cost of site due diligence, permitting, zoning, legal fees, etc. “Recognizing the need many developers have for ‘seed’ equity, we have developed a flexible equity program that can be customized to meet the particular needs of our development partner. The capital we provide is used to cover pre-development costs and also any equity requirements of a construction lender. In addition, our developer partners benefit from our lease structuring capabilities and relationships with major construction lenders. Once a project is completed, CapLease will either buy the property at market prices or provide high leverage, low cost permanent credit tenant lease financing. Finally, the program is structured so that once the terms of the partnership are finalized, the process becomes very streamlined. Deals are approved on a pre-defined basis allowing developers to do what they do best - find sites and develop properties,” said Bill Pollert, CapLease’s President The Joint Venture Development Program is growing rapidly with a number of properties already in the initial stages of development.

Developers and corporations also benefit from CapLease’s “invest and hold” business strategy. Specifically, the company:
        - Is able to underwrite and finance a wider group of strong credit quality rated and non-rated tenants than its life insurance company competitors;
        - Has greater transaction structuring flexibility;
        - As a portfolio owner of net lease assets, borrowers and tenants are able to communicate directly with CapLease should questions arise over the life of an investment.
        CapLease offers a full range of competitive debt, equity or mezzanine options for all types of properties net leased to credit tenants, making them the net lease company you can’t afford not to talk to about a net lease transaction.

For more information on CapLease, please visit www.caplease.com or telephone: 212.217.6300

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