A sale leaseback (SLB) is a financial transaction where an asset owner sells that asset on the open market. The asset is then leased back from the buyer under a long-term net lease, allowing the seller of the asset to continue to utilize the asset for an uninterrupted set period of time. The transaction can be for any asset, but, historically, real estate has been the best candidate for SLBs. A SLB provides the owner of a business with a long-term net lease to operate under and a way to monetize the underlying real estate matter. The SLB also provides the business owner with access to additional capital outside of the traditional financing options.
If you would like to speak to an attorney about a real estate matter, call our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.