Capital that matches
the life of your assets.
Purpose-built lease financing for tenant improvements, equipment, and capital expenditures — structured from 10 to 20 years.
The duration mismatch
corporate finance has ignored.
Most tenant improvements and capital expenditures have useful lives of 10–20 years. Most TI financing is structured for 3–5 years. Dolfin was built to close that gap with long-term, unsecured lease financing.
The Problem
Tenant improvements and equipment have useful lives of 10–20 years — yet most are financed with short-term debt that creates refinancing risk, cash-flow volatility, and inefficient balance sheet utilization.
The Dolfin Solution
Long-duration, unsecured lease financing priced on your credit. If your company is investment-grade or near-IG, you likely qualify. Fixed payments, preserved liquidity, and off-revolver capital for the full life of your space.
Institutional-grade
credit discipline.
Every transaction underwritten against investment-grade or near-investment-grade corporate credit — the same framework used by insurance companies and pension funds.
All CapEx. One lease.
From ground-up buildouts to retroactive reimbursement — financed as a single, streamlined Dolfin Lease.
Tenant Improvements
& Construction
- Leasehold improvements & interior build-outs
- Full-scale renovations & repositioning
- Core construction & hard costs
- Flooring, ceilings, millwork & finishes
Equipment
& Technology
- Office & operational equipment (FF&E)
- Specialty industry-specific equipment
- Structured cabling & network infrastructure
- MEP systems — HVAC, electrical, plumbing
- Security, access control, A/V
Soft Costs & Leasing Expenses
- Architectural & engineering fees
- Permits, inspections & compliance
- Construction management & oversight
- Commissioning & testing services
- Leasing commissions & transaction costs
Retroactive Reimbursement & Sale-Leaseback
- Already funded your build-out? Get the capital back
- No time limit — improvements from any date eligible
- Convert sunk costs into a long-term fixed lease
- Recover your capital at close
- Occupancy uninterrupted throughout
A better structure
on every dimension.
Conventional financing wasn't built for long-term occupancy. Dolfin was.
From call to funded
in 8 weeks.
Streamlined origination, single senior point of contact, committed capital. No syndication risk, no uncertainty at close.
Representative transactions.
A diversified portfolio across industries, asset types, and sizes. Zero realized credit losses since inception.
Institutional capital at scale.
Over $300M of closed transactions financed alongside some of the most respected names in institutional asset management.
Backed by 10+ leading institutional investors across insurance, asset management, and structured finance.
Dolfin's capital partners are among the most recognized institutional names in long-duration fixed income. Partner details are available to qualified counterparties under NDA.
Ready to unlock
long-term capital?
Capital unlocked in as little as 8 weeks. No collateral, no balloon payments.