Search
 

GlobeSt.com UPDATE: $203M Deal Entails Loans, Real Estate

SCOTTSDALE, AZ-In purchasing a restaurant mortgage portfolio from Trustreet Properties, national lender GE Commercial Finance, Franchise Finance gets hard assets and mortgages in a packaged play that run the gamut from free real estate to leasebacks.

By Amy Wolff Sorter | Updated on September 14, 2005

SCOTTSDALE, AZ-GE Commercial Finance, Franchise Finance has acquired a portfolio that combines free real estate, associated capital, lease holdings and leasebacks in the amount of $203 million from Trustreet Properties Inc.

According to Trey Brown, executive vice president and commercial lender for GE Commercial, the deal was structured on triple net leases and leasebacks with the Orlando-based Trustreet. He tells GlobeSt.com that another attractive aspect of the deal was the quick turnaround: a 45-day closing.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.