Red Pine provided a bridge loan to the principals of this GM auto dealership in the suburban Washington D.C. market to provide capital for commitments for the dealership’s acquisition of two additional dealers while its current real estate holdings were marketed for sale.
Red Pine provided a bridge loan to the principals of a portfolio buyer of franchised, triple net leased Burger King assets in the Northeast until such time as the borrower was able to refinance each asset individually through a conventional mortgage lender.
Red Pine sponsored the acquisition of a 15,000 square foot building that houses the corporate offices and largest branch of First Niagara Bank located in Washington, P.A. Red Pine arranged financing for the acquisition by First Niagara for the property where the bank is the sole tenant. On the date of closing, First Niagara announced its acquisition of New Alliance and will operate 340 branches across Connecticut, Massachusetts, Pennsylvania, and upstate New York.
A Red Pine subsidiary acquired a Walgreens ground lease in Denver, Colorado. Red Pine relocated Walgreens to the site and refinanced the property.
Red Pine structured and sponsored the acquisition of a large branch of Peoples Bank in Taos, New Mexico, by tenant in common investors, utilizing financing arranged by RPCP and provided by the tenant.
Red Pine provided bridge financing for the buyer of a municipal pump station operated by Western Refining in Tucson, Arizona. The loan was repaid during the lockout period, yielding investors substantial return.