POWER OF A SAFEHOLD™ GROUND LEASE
fee simple
with a safehold™ Ground Lease
$30.0M Equity
(30% of Property Value)
Property
$5.25M NOI / 5.25% Cap Rate / $100.0M Value
$19.5M Equity
(30% of Leasehold Value)
$70.0M Loan
4.25% Pricing
10yr Term
(70% of Property Value)

$45.5M Loan
4.25% Pricing
10yr Term
(70% of Leasehold Value)
SAFEHOLD™ ground lease
$35.0M / 3.75% Initial Yield
Fee Simple Cap Stack $100.0M
Leasehold Cap Stack $65.0M
Same Purchase Price
$100.0M
NO LAND Equity REQUIRED
BETTER DSCR
SUPERIOR CASH-ON-CASH RETURNS
HIGHER IRR's (10 YEAR HOLD)
HIGHER MULTIPLES (10 YEAR HOLD)
POWER OF A SAFEHOLD™ GROUND LEASE
Property
$5.25M NOI / 5.25% Cap Rate / $100.0M Value
$35.0M / 3.75% Initial Yield
SAFEHOLD™ ground lease
fee simple
With A SAFEHOLD™ GROUND LEASE
$30.0M Equity
(30% of Property Value)
$19.5M Equity
(30% of Leasehold Value)
$70.0M Loan
4.25% PRICING
10yr Term
(70% of Property Value)
$45.5M Loan
4.25% pricing
10yr Term
(70% of Leasehold value)
Fee Simple Cap Stack
$100.0M
Leasehold Cap Stack
$65.0M
Same Purchase Price
Fee Simple
Ground Lease
No LAND Equity Required
Fee Simple
Ground Lease
Better DSCR
Fee Simple
Ground Lease
superior cash-on-cash returns
Fee Simple
Ground Lease
HIGHER IRRs [10 YEAR HOLD]
Fee Simple
Ground Lease
higher multiples [10 year hold]
Fee Simple
Ground Lease