Equity gaps, expensive assessments, maturities the refi cannot reach — when a borrower’s deal stops penciling, the lender usually watches the relationship walk to a rescue shop. The cleaner routing: we buy the land, your borrower leases it back for 99 years, and you keep a smaller loan with stronger coverage. Not a lien, never competing for your collateral.
| The borrower's problem | What the land solves — and what you keep |
|---|---|
| Equity gap on an acquisition or project | Our land purchase funds 30–40% of the stack. Your loan shrinks to a basis the deal supports, coverage improves, and the borrower closes instead of walking. |
| Expensive assessment blocking your refi or takeout | Land proceeds retire it in full at closing — we never close over one. Your lien position comes out clean and senior on the leasehold. |
| Maturity the refinance will not reach | Land money plus your right-sized leasehold loan reaches payoff. You choose: exit whole, or stay in the smaller, better-covered piece. |
| Workout where the credit needs principal | The land sale funds the paydown without new debt fighting you for position. A ground lease is not a lien — there is nothing to intercreditor against the fee. |
What your credit committee will ask, answered: the lease is unsubordinated — we own the dirt outright and never encumber it against you · your collateral is the leasehold and the improvements, documented with a recognition agreement, notice and cure rights, and new-lease protections drafted to institutional standards · fixed ground rent with no market resets, sized so property income covers it 3–4x before your debt service is even tested. Send the deal anonymized if you prefer — asset type, income, stack — and we will tell you fast whether the land solves it.
Because the alternative is losing the loan: to a rescue lender, a fire sale, or a foreclosure. A land sale fixes the borrower's capital problem while the referring lender keeps a smaller, better-covered leasehold loan and the relationship.
No. A ground lease is not a lien and does not sit in your capital stack. We own the fee; your mortgage encumbers the leasehold and improvements. The recognition agreement documents the relationship, and the lease carries the full lender suite: notice and cure, new-lease rights, no market rent resets.
Your loan gets smaller against an income stream that first covers a fixed ground rent 3-4x. Lenders finance leaseholds routinely when the lease is drafted to institutional standards; ours is written for your credit committee before you ever see the deal.
Yes. Send it anonymized: asset type, market, income, and the stack problem. We respond with whether the land solves it and an indicative structure. You introduce the borrower only if the answer helps your loan.
Asset type, market, income, and the stack problem — we answer fast: does the land solve it, and what does the structure look like. Your borrower meets us only if the answer helps your loan.
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