 |
| Mark West |
DALLAS, TX – HFF announced today that it has arranged $65
million in financing for a 99-property Burger King portfolio located
throughout six states.
HFF
worked exclusively on behalf of the borrowers, affiliates of Jaylor Services,
Inc., to secure a 10-year, fixed-rate, non-recourse loan through Ladder
Capital.
Of
the 99 Burger King locations, four are located in Florida, nine in Mississippi,
22 in Alabama, 57 in Louisiana, four in Missouri and three in Kansas. All properties are leased on a long-term
basis to an affiliate of Strategic Restaurants, a subsidiary of Cerberus
Capital Management, L.P.
The HFF team representing the borrower
was led by senior managing director Mark West and managing director Brandon
Chavoya.
Jaylor Services, Inc. (“Jaylor”) is a management company that oversees
the operations of an affiliated group of real estate companies with a portfolio
of 133 single-tenant restaurant properties leased on a long-term, absolute-net
basis.
 |
| Brandon Chavoya |
Jaylor’s principals
previously managed the operations of a large, multi-unit Burger King and
Chili’s franchisee with more than 300 operating units, and have experience with
other real estate properties including retail, residential, office, industrial
and hotel.
For a complete copy of the company’s news release, please
contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
tel (main) 617-338-0990 | (direct) 617-848-1572 | cel
617.543.4873 | www.hfflp.com
No comments:
Post a Comment