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Chicago & Midwest  + Greater Chicagoland  + Finance  | 

Envoy Introduces “Reversible” Sale-Leaseback to Market

Envoy Net Lease Partners, a Northbrook, IL-based real estate finance company specializing in single-tenant commercial properties, has introduced a new lending program that allows companies to monetize properties with the option to buy them back in the near term.

“This is a great alternative for companies that are going through transition or need time to set up long-term financing,” said Ralph N. Cram, president of Envoy. The company’s “reversible sale-leaseback” program offers owners of industrial, medical office, retail and special-purpose real estate properties loan options that Envoy says were previously unavailable, including short-term purchase options.

Envoy recently closed its first transaction under the program with a $2.3-million acquisition of an industrial property from FirstCharge Energy, a battery manufacturer for heavy machinery. Envoy bought the 92,750-square-foot facility in Grove, OK and leased it back long-term to FirstCharge, which has an option to buy it back within the first two years.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Financing
  • ◦Sale/Acquisition
  • ◦Lease