Thursday, March 20, 2014

HFF arranges $65 million financing for Burger King portfolio throughout 6 states




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