Texas

GSP arranged the financing for a portfolio of restaurants comprised of several Burger Kings and an IHOP in tertiary locations throughout the Midwest. We were engaged to obtain a lower coupon and faster amortization, to provide debt free properties in the foreseeable future. GSP secured a 60% LTV fixed for 10 years at 4.45%; over 200 basis points lower than the previous loan. The lower rate yet much higher amortization netted the same cash flow after debt service to the Borrower, an important consideration for their family trust. The loans were funded separately and the properties are not cross-collateralized.