Todd Brefeld

Recent US capital costs remain mixed: central-bank rates sit mid-3%, 10-yr government yields trade low-4%, and commercial mortgages run mid-5% to ~7%+, depending on leverage.
Sale-leasebacks can unlock 100% of property value for qualifying owner-occupiers, while reducing floating-rate exposure through longer net-lease commitments and competitive investor pricing.
For businesses with strong cash flow, healthy DSCR, and modest capital needs, commercial loans or owner-occupier financing may still deliver stronger long-term economics.
The key tradeoff: sale-leasebacks exchange future appreciation for immediate liquidity, while loans preserve ownership but keep rate exposure in play for borrowers.
With modest rate relief expected by mid-2027, waiting carries cost if sale-leaseback pricing strengthens and bid-ask gaps narrow further for owners raising capital.