WHICH_PARTY_ARE_YOU · SELECT_TO_FILTER
OPERATOR_BRIEF · YOUR_ADVANTAGE
You gain operational control of the asset on day one. No bank required. No down payment. No underwriting delays. Your master lease payment is fixed. Every dollar above it is yours. The purchase option locks your price now — before the corridor premium is priced in. Use the spread calculator below to model your specific scenario.
$0
Debt to enter
Day 1
Income starts
Locked
Purchase price
Clean
Exit if conditions shift
DEAL_FLOW_DIAGRAM · WHO_PAYS_WHOM · WHEN
How money flows through the structure.
Three parties. Three cash flow directions. Every arrow is a contractual obligation.
MLO DEAL FLOW · THREE PARTIES · THREE CASH FLOWS
③ Optional: Fund lease → earn preferred return
CAPITAL PARTNER
Optional · Funds lease · Earns preferred return
No operations required · Accredited investors only
SPREAD_INCOME_CALC · OPERATOR_TOOL
Model your spread before you sign.
Enter your property parameters. The calculator shows your monthly spread income, annual yield on the master lease cost, and how that compares to a conventional acquisition.
Total leasable area of property
Annual rate you pay the seller
Annual rate you charge tenants
Target occupancy of subleased space
MASTER_LEASE_COST
$6,667
Master Lease / Mo
SUBLEASE_INCOME
$8,750
Sublease Income / Mo
NET_SPREAD_MONTHLY
$2,083
Net Spread / Mo
ANNUAL_SPREAD
$25,000
Annual Spread
YIELD_ON_COST
31.2%
Yield on Lease Cost
VS_CONV_PURCHASE
2.1%
vs. Conv. Acquisition
At these parameters your MLO generates $25,000/yr in spread income vs. $1,200,000 required for a conventional acquisition. The MLO requires $0 to begin generating returns.
MLO_MECHANICS · 4 STEPS · $0 DEBT TO BEGIN
How the structure works step by step.
The Master Lease Option is a legitimate, negotiated structure used by institutional operators to enter high-value assets before committing acquisition capital.
$0
Bank debt required
MASTER_LEASE_SIGN
Execute the Master Lease
You sign a master lease at a negotiated monthly rate. You gain full operational control immediately. No bank required, no down payment, no mortgage underwriting. The seller receives guaranteed income.
Day 1
Income generation
SUBLEASE_INCOME
Generate Spread Income
You sublease individual units or suites at market rates above your master lease cost. The spread is your yield. This income begins from the first occupied sublease and continues throughout the lease term.
Locked
Purchase price
OPTION_EXERCISE
Exercise Your Purchase Option
When DSCR supports favorable financing or corridor appreciation creates the right entry point, you exercise the option at the price locked in at signing. Not market price. Your price. The seller cannot raise it.
100%
Spread retained
EXIT_OR_HOLD
Exit or Build Equity
If conditions shift, you retain every dollar of spread income and exit cleanly per the agreement. If conditions are favorable, you acquire a verified asset at a below-market basis. The structure is asymmetric by design.
DSCR_TRIGGER_CALC · OPTION_EXERCISE_THRESHOLD
Know exactly when your sublease income unlocks the purchase option.
Model your purchase financing scenario. The calculator shows the exact monthly NOI your subleases must reach before exercising the option makes financial sense.
Price locked at MLO signing
Loan-to-value at exercise
Estimated mortgage rate at exercise
Loan amortization period
Lender DSCR threshold at exercise
LOAN_AMOUNT
$1,050,000
Loan Amount
MONTHLY_PI
$7,421
Monthly P&I
ANNUAL_DEBT_SVC
$89,054
Annual Debt Service
REQUIRED_NOI
$111,318
Required Annual NOI
REQUIRED_NOI_MO
$9,276
Required Monthly NOI
Exercise trigger: sublease NOI must reach $9,276/month before this option makes financing sense at 1.25× DSCR. Build toward this in your spread income model above.
THREE_WAY_COMPARISON · MLO vs CONVENTIONAL vs NOTHING
MLO vs. conventional purchase vs. doing nothing.
Doing nothing is a decision with real costs. The corridor premium is being priced in now. Every month without a position is a month of appreciation you will never recover.
BUILT_IN_OPTIONALITY · ALL_THREE_INCLUDED
Every MLO includes built-in optionality.
Maximum upside. Defined floor. The worst case is that you earned spread income and exited clean.
OPERATOR · SUBMIT_BUY_BOX
Submit your buy-box criteria.
We match against our current MLO-ready pipeline within 48 hours. Every matched property is pre-scored at 85+ MOAT. NDA signed before any property details are shared. No upfront fees.
Submit Buy-BoxSELLER · SUBMIT_PROPERTY
Submit your property for review.
We run the 441-unit triage in 72 hours and return a pass or pass-conditional recommendation. You receive a guaranteed monthly income structure and zero vacancy risk if the property qualifies.
Submit PropertyCAPITAL_PARTNER · TERM_SHEET
Request the capital partner term sheet.
Fund the structure, earn a preferred return, no operations required. Available to verified accredited investors. NDA required before disclosure.
Request Term SheetNDA-protected. No upfront fees. Available to accredited investors and qualified operators only. This is not a public securities offering. Master Lease Option structures are subject to individual property terms, seller agreement, and legal review. Past performance does not guarantee future results. All calculator outputs are estimates for illustrative purposes only and do not constitute financial advice. B2B Systems does not accept commission from lenders or sellers.
Questions? invest@center.capital · © 2026 The Center Capital Collective. All rights reserved.