Net lease financing solutions provider Envoy Net Lease Partners LLC formed a joint venture with an unnamed global private equity firm.
The investor is making a capital commitment to the high-leverage build-to-suit construction lending market.
Envoy will seek to finance the development of multiple single-tenant net lease properties at the same time for a single borrower with up to $20 million per property. The company expects to create over $200 million of build-to-suit construction loans in the next two years.
