Exhibit 21.1

List of Subsidiaries of Capital Lease
Funding, Inc.
As of December 31, 2005

|                                     |                                        | 
|------------------------------------ | -------------------------------------- | 
|Entity                               | State of Incorporation 
  or Formation | 
|                                     |                                        | 
|Caplease, LP                         | Delaware                               | 
|CLF OP General Partner LLC           | Delaware                               | 
|Caplease Services Corp.              | Delaware                               | 
|CLF Ridley Park Business
  Trust     | Virginia                               | 
|CLF VA Ponce LLC                     | Delaware                               | 
|CLF 1000 Milwaukee Avenue
  LLC      | Delaware                               | 
|CLF 555 N Daniels Way LLC            | Delaware                               | 
|CLF Bobs Randolph LLC                | Delaware                               | 
|KDC Busch Boulevard LLC              | Delaware                               | 
|Columbia Pike I, LLC                 | Delaware                               | 
|CLF Parsippany LLC                   | Delaware                               | 
|Caplease Credit LLC                  | Delaware                               | 
|EVA LLC                              | Delaware                               | 
|Caplease Investment
  Management LLC | Delaware                               | 
|Caplease CDO 2005-1, Ltd.            | Cayman
  Islands                       | 
|Caplease CDO 2005-1 Corp.            | Delaware                               | 
|WG Investors Trust                   | Delaware                               | 
|CA Portsmouth Investment
  Trust     | Delaware                               | 
|CLF Herndon LLC                      | Delaware                               | 
|CLF Aliso Viejo Business
  Trust     | Virginia                               | 
|CLF Rapp Irving LP                   | Delaware                               | 
|CLF Rapp Irving GP LLC               | Delaware                               | 
|CLF Tollway Plano LP                 | Delaware                               | 
|CLF Tollway Plano GP LLC             | Delaware                               | 
|CLF DEA Birmingham LLC               | Delaware                               | 
|CLF FBI Birmingham LLC               | Delaware                               | 
|CLF EPA Kansas City LLC              | Delaware                               | 
|CLF OSHA Sandy LLC                   | Delaware                               | 
|CLF SSA Austin LP                    | Delaware                               | 
|CLF SSA Austin GP LLC                | Delaware                               | 
|KDC Norman Woods Business
  Trust    | Virginia                               | 
|CLF 6116 GP LLC                      | Delaware                               | 

---



|                                     |          | 
|------------------------------------ | -------- | 
|CLF Sylvan Way LLC                   | Delaware | 
|CLF Mercer Island LLC                | Delaware | 
|CLF Electric Road Roanoke
  LLC      | Delaware | 
|CLF McCullough Drive
  Charlotte LLC | Delaware | 
|Caplease
  Statutory Trust I         | Delaware | 

2

---