Back Bay Restaurant completes $40m financing with GE Capital Solutions
Back Bay Restaurant Group completed a deal with GE Capital Solutions, a franchise finance totaling $40 million. The financing continues their relationship with a $25 million term loan to refinance existing debt and a $15 million revolver to fund new construction and renovation.
The loan helps Back Bay Restaurant Group grow and provide its customers more restaurants.
Ansonia CT Saugatuck Commercial Real Estate (SCRE) represented Investor Michael Berkowitz in the $8.3 million purchase of Ansonia Landing Shopping Center from a KIMCO-led Partnership. The 91,447 GLA shopping center is located at 100-172 Division St.
Now what? As the year comes to a close, the state of retail is always in the news. The answers vary greatly depending on who in the various related industries you ask, each offering a unique lens on the challenges and opportunities ahead.
This may seem self-serving, and I’ll be the first to admit it. But unlike some of the artificial intelligence tools now reshaping our industry, I am fully aware of my own bias. So, hear me out. The rise of AI in commercial real estate is not a distant threat or a speculative headline.