Creative Industrial Ghost Kitchens  – Acquisition
Sold

Creative Industrial Ghost Kitchens – Acquisition

Southwest, US

$12,500,000

Southwest, US

 

Funding Purpose

Clients were purchasing four industrial properties and renovating them to operate their ghost kitchen facilities. The loan was to acquire and renovate. 

Property Description

Four industrial buildings in Santa Ana, San Diego, Phoenix, and Las Vegas. 

Sponsors

Sponsorship group consisted of 7 individuals who have vast knowledge/experience with Ghost Kitchens as well as real estate development. 

Challenges

  • Not many lenders are familiar with the ghost kitchen model

Solutions

  • Educating the lender on the model, as well as explain the vast experience of our sponsors

Funding

  • Loan Amount (LTV) $12,500,000 (70% LTC) 
  • Interest Rate – 8.50% 
  • Term -24 Months 
  • Recourse – Non Recourse 
  • Interest Only  - 24 Months   


Matt Bucaro

Matt Bucaro

TITLE

Senior Director | Capital Advisor

Follow Us On Instagram