Mark One Capital Arranges $1.5M Loan for Macaroni Grill Restaurant in Florida

ALTAMONTE SPRINGS, FL – Mark One Capital has arranged a $1.5 million loan for the acquisition of a 7179-square foot Macaroni Grill Restaurant (top right photo) located at 844 W. State Road 436 in Altamonte Springs.

Geoffrey Harris, (bottom left photo) a senior director in the firm’s Phoenix office, and Farhan Kabani, an associate director in the firm’s Dallas office, arranged the financing for the property.

“Debt financing for single-tenant net-leased restaurant properties is in short supply,” says Kabani.

“However, Mark One Capital was able to source an aggressive lender that closed the transaction with excellent partial recourse loan terms.”

Financing for the Macaroni Grill Restaurant was provided by a portfolio lender at a five-year fixed rate of 6.5 percent, 25-year amortization and 50 percent recourse. The loan-to-value was 65 percent.

Press Contact: Kathy Molitor, Mark One Capital , (925) 953-1704

Mark One Capital Arranges $3.22M Loan for Texas Retail Center

BEAUMONT, TX – Mark One Capital has arranged a $3.22 million loan for the acquisition of Beaumont Fountain Plaza, (top right photo) a 23,524-square foot multi-tenant retail center, located at 3050 N. Dowlen Road in Beaumont, Texas.

Geoffrey Harris, (bottom left photo) a senior director in the firm’s Phoenix office, and Farhan Kabani, a senior associate in the firm’s Dallas office, arranged the financing package for the property.

“Beaumont Fountain Plaza was classified as an un-anchored retail asset,” says Kabani. “Mark One Capital was able to overcome the objection that the center was un-anchored due to the property’s high-historical occupancy levels, strong tenant mix, rental rates and premier location.”

Financing for Beaumont Fountain Plaza was provided by a commercial bank at a fixed rate of 6.04 percent for the first five years, then adjusting. Terms of the loan were for 25 years with a 25-year amortization schedule. The loan-to-value was 65 percent.

“An added benefit for our client was that we were able to close the loan in less than 40 days,” adds Kabani.

Press Contact: Kathy Molitor, Mark One Capital, (925) 953-1704, http://www.markonecapital.com/