Phoenix Net-lease Raising Cane's

Phoenix
,
AZ
15 year loan term, 30 year amortization
Raising Cane's restaurant with covered outdoor seating, a drive-through window, and the Raising Cane's logo with the subtext "Chicken Fingers".
Amount: $
1075000
Interest Rate: 
4.08
%

StackSource arranged financing for a Bay Area, CA investor that acquired a newly built retail property in Phoenix, AZ net-leased to Raising Cane's. Raising Cane's a quick-serve restaurant with more than 300 locations across 23 states that specializes in chicken fingers. There were several acquisition challenges to overcome including a 1031 deadline, credit union membership for an out of market investor, a temporary certificate of occupancy, and potential subcontractor liens for pending work on the property.

StackSource sourced financing from an Arizona-based credit union lender that was able to close in under 30 days from initial contact and provided a 15-year loan term with the first 10-years fixed at 4.08%, and a 30-year amortization schedule.

Charitable Cause supported by 1% of StackSource's revenue on this transaction: