Applied Underwriters planned a $150M new headquarters in Omaha to support growth and employee engagement. While a strategic asset, funding this build could tie up capital and limit flexibility. Applied Underwriters needed a partner to structure a flexible, long-term financing solution providing 12 months of construction funding that seamlessly transitions to lease-backed long-term financing upon completion.
Dolfin structured a transparent 15-year Dolfin TI Lease with:
- 12-month construction draw period aligned with project milestones.
- Automatic conversion to long-term lease financing upon completion.
- Non-dilutive structure preserving capital for growth initiatives.
Dolfin’s innovative TI Lease enabled Applied Underwriters to transform a significant capital investment into a structured, flexible financing solution, maintaining liquidity and aligning with operational goals while building its new Omaha headquarters.
Dolfin’s flexible financing structure enabled us to execute our vision for a world-class headquarters in Omaha without tying up capital that is better used to grow our business. Having a partner that understands both real estate and our operational needs made all the difference.
Chief Investment Officer, Applied Underwriters
- Flexible 12-month construction funding.
- Seamless transition to long-term lease-backed financing.
- Preserves liquidity while executing a $150M HQ project.
- Supports return-to-office and operational expansion
credit-based lease
