Retail - Debt

NorthMarq Capital’s Miami office arranges acquisition financing of $8.12 million for multistate restaurant portfolio

MIAMI (January 6, 2016) – Robert Bhat, vice president of NorthMarq Capital’s Miami based regional office arranged acquisition financing of a single tenant restaurant portfolio from GE Capital. The $8.12 million loan commitment is secured to several properties including two Bakers Crust (IL), a T.G.I. Friday’s (VA), a Saint Louis Bread (MO) and a Shoney’s (TX). Orion Venture XII North LLC, a subsidiary of Orion Investment and Management, a full service international commercial real estate firm that manages a portfolio in excess of $400 million, was the borrower. The transaction was structured with a 3-year interest-only term.

“This portfolio contains well located properties with strong restaurant tenants and lengthy lease terms. Even though the properties were scattered across half of the country, I was able to find a bank that provided a nonrecourse loan with a three year interest-only term, and a floating rate below four percent,” said Bhat.

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $16 billion, loan servicing portfolio of more than $65 billion and the multi-year tenure of our nearly 600 people.