C2R Capital provided bridge capital to a borrower transitioning into stabilized ownership of an institutionally-tenanted industrial asset. The 47,500 SF property located on 7.54 acres was 100% leased with a corporate guarantee, and the owner held a perpetual quarterly royalty stream from an ancillary revenue source.

Rather than requiring traditional collateral alone, C2R structured a hybrid security position combining the net-leased industrial building with first lien position on the recurring royalty revenue stream. This dual-collateral approach created independent income sources and conservative combined valuation, providing multiple paths to repayment and meaningful downside protection while reducing overall loan-to-value.

C2R's flexibility in structuring non-traditional collateral alongside core real estate, combined with speed to close, enabled the sponsor to secure permanent financing—demonstrating how creative capital structures unlock opportunities traditional lenders decline.