FM Capital Arranges a $7.1MM Bridge Loan for Former Toys R Us Locations in California, Florida and Iowa
Dec 27, 2018
FM Capital originated a $7.1MM bridge loan for the acquisition of three former Toys R Us locations, located in Orlando, Modesto and Clive, IA. The assets are all well located, within their respective markets, and were sold at a low cost basis. FM Capital's Senior Vice President, Joe Fishman, negotiated the loan on behalf of FM Capital. The loan closed within two weeks in order to meet the borrower's timeframe. Joe credits, "the sponsors aggressive business plan and experience within the retail sector as key factors in a successful acquisition."