Red Pine provided first mortgage acquisition financing to the buyer of a portfolio of McDonald’s ground lease sites located within a thirty mile radius of Atlanta, GA. The interest rates in connection with the financing were equivalent to the capitalization rate of the borrower’s investment.
A Red Pine affiliate acquired Four Aces LLC and Village Chapel LLC, which are both holding companies that own properties upon which the largest mid-atlantic franchisee of Damon’s Restaurants operates its businesses. Red Pine structured a sale leaseback financing to infuse cash into the operator which is using the proceeds to improve operations and develop additional sites.
Red Pine acquired a portfolio of two convenience store/pump stations in York, Maine and Orono, Maine leased to Irving Oil which, in turn, subleases the assets to Circle K.
Red Pine provided subordinate secured financing for the operator of six Golden Corral franchise restaurants in the Arizona region which the company used to finance acquisition and development of additional sites.
Red Pine acquired from retiring owners this 40 year old Arizona based retail and wholesale seller of outdoor gear, apparel, camping equipment and military surplus items. Red Pine installed a new management team and increased cash flow by changing the capital structure, marketing aggressively and improving online and fulfillment operations. The company was sold to Red Pine’s operating partner.
Drawing upon the synergies between the military, public service employees and the strategic location of its existing army navy retail outlet, Red Pine built upon the service and distribution backbone of its retail operation to grow a uniform and related supply company. Red Pine hired a sales force comprised of several uniform industry veterans to become a prominent national player in the uniform supply space. The company was sold together with retail operations to Red Pine’s operating partner.
An affiliate of Red Pine acquired a Circle K convenience store and pump station on the corner of a major intersection in Scottsdale, Arizona as a component piece of a larger sale lease back portfolio financing.
An affiliate of Red Pine repositioned an underperforming quick service restaurant located in Florham Park, NJ into a Habit Burger & Grill and subsequently sold the asset.