Four Pillars Capital Markets, a debt services brokerage that provides debt and equity financing solutions for commercial real estate investment properties, recently closed a convenience store portfolio loan.
The sponsor, a Delaware Statutory Trust managed by Skyline Pacific Partners, hired Farhan Kabani and Ben Finger of Four Pillars Capital Markets for this sale-leaseback financing assignment, which included multiple assets in two states.
The Alta Convenience portfolio consists of 12 individual store locations across Colorado and Nebraska, representing a cumulative 33,000 square feet of rentable space on more than 10 acres of land combined.
The properties were purchased from a well-known private equity sponsor who continues ownership as operator/tenant. This sale-leaseback transaction enables Alta Convenience to continue growing its operational footprint.
Four Pillars Capital Markets successfully arranged a 3.50% interest rate on a $13 million loan with a 10-year term, 30-year amortization and non-recourse financing for its client.
