EEUU: GreenLake financia $14M una cartera de 8 gasolineras

Los fondos permitirán al prestatario cambiar la marca con una importante marca internacional, y rehabilitar y mejorar las propiedades.

Los Angeles based GreenLake Asset Management has closed a $14,275,000 loan on eight gas stations located in New Jersey and Pennsylvania. GreenLake's funding allows the borrower to re-acquire a key location lost to foreclosure and will facilitate a major re-brand and significant upgrades.

An experienced real estate investor approached GreenLake to refinance a portfolio of distressed gas stations due to an absentee tenant and complicated title issues. The borrower was in default with their existing lender and the bank had already foreclosed on one location. The funds will allow the borrower to re-brand with a major international brand, and rehabilitate and upgrade the properties.

"While distressed properties pose complex challenges that lenders often shy away from, special situations are what GreenLake excels at. Our underwriting hinges on the underlying real estate asset and the sponsor's ability to execute. Our view across multiple sectors gives us the insight, experience and resources necessary to navigate and execute on these types of loans,” said Peter Chang, Managing Principal at GreenLake.