Michelle Napoliis editor of Net Leaseforum, from which this article is excerpted.

Westport, CT—German bank HSH Nordbank AG hasestablished HSH N Residual Value Ltd., a Bermuda-based insurancecompany formed to provide residual value insurance for commercialreal estate, particularly credit tenant lease and sale-leasebackproperties.

CRCapital Advisors LLC of Westport, CT is the programadministrator for the new insurer, responsible for projectsubmissions and review underwriting. "We think we bring a realestate mentality to the business," says CRCapital Advisors' DonHorton. "The bank is very heavily involved in real estate andunderstands it. We think that we can help the capital markets andyour traditional CTL sale-leasebacks by providing thisservice."

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