January 6, 2016

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

Restaurant Portfolio

Debt & Equity

Multi-Tenant

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.

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Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.

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