| INTRODUCTION: | Lexden Capital serves as a representative to a nationally recognized pension fund manager which specializes in long-term investments in infrastructure, real estate assets and Public Private Partnerships with A- credit ratings or better.The sale leaseback financing method provides local government entities with much needed private capital as a viable alternative to public bond financing. Sale leaseback financing enables a government agency or municipality to illuminate high upfront costs and have similar ongoing operating costs as bond financing, but the debt burden is now replaced by lease payments. Depending on the government agency or municipality accounting guidelines, this might provide significant benefits.Such financial re-structuring has become an important consideration to local and state governments that need to maintain services to the community in the face of declining tax revenues, increased healthcare costs and pension liabilities. |
| PROJECT SPONSORS: | Cities, counties, states, large corporations and all public/quasi public agencies A- credit rating or better required. |
| SAMPLE ASSET TYPES FOR SALE LEASEBACK FINANCING: |
– Administration or Municipal Buildings; courthouses, correctional facilities, city halls, community centers and others – Convention Centers or Tourism Related Developments – Sporting Venues – Hospitals and Healthcare Facilities (profit and non-profit) – Economic Development Focused Initiatives that involve real estate or other asset development needs – Airports and Public Transportation – Infrastructure, Public Works and Utilities; energy, water, sewer etc. – Public Housing – Universities and K-12 |
| LOCATIONS: | Lexden’s focus is on the US market, but we are able to fund Worldwide. |
| SIZE: | $20 million to $750 million (larger amounts by exception). |
| LEASE OR SERVICE CONTRACT TERMS: | 15 – 40 years (longer subject to underwriting). |
| TYPES OF REAL ESTATE LEASES | NNN or Bonded, non-appropriation clauses required. |
