NEWPORT BEACH, CA – Holliday Fenoglio Fowler, L.P. (HFF), announced today that it has arranged $29.6 million in acquisition financing for four portfolios containing 22 separate properties with established Del Taco restaurants in Southern California.
HFF worked on behalf of the borrower, a joint venture between Capital Real Estate Ventures, Inc., and Orion Investment and Management LTD, to place the non-recourse, two-year, floating-rate loan with the Wells Fargo Restaurant Finance Group.
The four portfolio properties all have new long-term leases with Del Taco, a fast-food restaurant chain specializing in Mexican cuisine. The properties are all located in Southern California communities: Colton, Highland, Lake Elsinore, La Verne, Moreno Valley, Palmdale, Placentia, Perris, Rancho Cucamonga, Rialto, Riverside, Sacramento, Temecula, Thousand Palms, Torrance, Upland, Walnut, Victorville and Vista.
About Orion Real Estate Group
Orion Real Estate Group provides commercial real estate services to investment clients around the world. Since its founding in 1978, the firm has been involved in more than $1 billion in transactions. Working with clients across the United States, the firm helps clients and their investors through all phases of real estate transactions from strategic planning and analysis to financing, negotiation, acquisition and disposition. For more information visit www.orionmiami. com.