search

The Real Deal Logo

Trending

Brickell office slump? Nearly 3M sf planned, zero preleasedBrickell office slump? Nearly 3M sf planned, zero preleasedGoogle kicks off Thompson Center revamp forecasting shift to LoopGoogle kicks off Thompson Center revamp forecasting shift to LoopFriend or foe? Here’s what the new tax break means for office-to-resi conversionsFriend or foe? Here’s what the new tax break means for office-to-resi conversionsHochul finds 13 acres on Long Island for housingHochul finds 13 acres on Long Island for housing
Commercial
South Florida

South Florida firm buys 15 Wendy’s restaurants with $26.5M loan

Coral Gables-based Gold Coast Holdings Restaurants used a TD Bank loan to acquire Wendy's locations in five Florida counties

The acquired Wendy's location are in Lake, Marion, Putnam, St. John's and Volusia counties.
The acquired Wendy's location are in Lake, Marion, Putnam, St. John's and Volusia counties.

A South Florida firm bought 15 Wendy’s restaurants in Florida and financed the acquisitions with a $26.5 million bank loan.

Coral Gables-based Gold Coast Holdings Restaurants used the loan from TD Bank to acquire Wendy’s franchise units in Lake, Marion, Putnam, St. John’s and Volusia counties.

Sign Up for the undefined Newsletter

Gold Coast also bought the real estate where 12 of the 15 Wendy’s restaurants are located.

In a press release, TD Bank said Gold Coast will use a line of credit to renovate the restaurants and to finance future acquisitions.

Gold Coast owns and operates a total of 91 restaurants on the East Coast that bear the Wendy’s and TGI Fridays brands. — Mike Seemuth

Tags
BanksCommercial Real Estate