DALLAS, July 23, 2012 — Dallas, Texas-based Metropolitan Capital Advisors (MCA), a financial intermediary specializing in the exclusive representation of investors, developers and property owners in the commercial real estate capital markets, has arranged a Development Line of Credit and a Revolving Working Capital Line of Credit for the Dallas, Texas-based Genghis Grill Franchise Concepts (GGFC) restaurant chain. Genghis Grill is ranked as one of the fastest growing concepts in the country by many leading trade publications such as Inc. Magazine and Entrepreneur Magazine.
The $8,900,000 Development Line of Credit will be used to expand the restaurant chain by approximately 20 units, growing the number of Genghis Grill locations from 100 units to 120 units. The Development Line of Credit gives GGFC the ability to open leased locations as well as acquire/develop fee simple real estate which they will occupy.The Development LOC was structured as a fixed rate facility on an interest only basis for 12-months and then begins amortizing over the remaining term.
In addition to the above, MCA arranged a $1,000,000 Revolving Working Capital Line of Credit which GGFC will use to for corporate overhead and store openings expenditures. The RLOC was structured as a floating rate facility on an interest only basis and renews on an annual basis.
MCA secured the $9,900,000 credit package with a regional bank. As GGFC has plans to continue expanding and acquire ownership in its existing franchised locations, MCA structured extra capacity with the regional bank to provide additional funds in the future. MCA Senior Director, Sunny Sajnani was responsible for arranging the financing.
Since 1992, Metropolitan Capital Advisors has closed in excess of $8.5 billion of debt and equity transactions. National Real Estate Investor Magazine has consistently ranked MCA as one of the top CRE Financial Intermediaries in the US. MCA has already closed over $200,000,000 of commercial real estate financing during 2012.