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
Press Contact: Kathy Molitor, Mark One Capital , (925) 953-1704
No comments:
Post a Comment