$1.8 Million purchase of a Chinese Buffet –land, building and Real Estate

Posted by in Brian's Blog, Commercial Real Estate, Recent Closings

Where:  Orlando, FL

Type:  A successful Chinese buffet operator was looking to expand and was buying out a competitor.  What made this deal tricky was the financials of the business being acquired did not show a lot of the cash they actually make AND the borrower’s funds for closing were coming from overseas and we had seasoning issues.  Although, it took a little longer due to these issues, we were able to overcome them and get them closed.  Although we do a lot of franchise deals, existing restaurants CAN get money for expansion-we have the sources and resources to do it.