Provides funding for nine sale-leaseback locations
SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- GE Capital, Franchise Finance recently provided $16.1 million to WendPartners, a Wendy’s franchisee. The facility is being used for the sale-leaseback of nine locations in Texas, New Mexico, Ohio, Georgia, and Alabama.
“Through these sale-leasebacks, GE Capital helped us free up capital to reinvest in our business,” says Lewis Topper, principal, WendPartners. “They also helped us return some capital to our investors and position the company for long-term success.”
WendPartners is a Wendy’s franchisee with 331 locations in 20 states.
“Our ability to execute a multi-property sale-leaseback made this a very compelling proposal for WendPartners,” says John Sullivan, senior vice president, GE Capital, Franchise Finance.
The Wendy’s Company is the world’s third largest quick-service hamburger company. The Wendy’s system includes more than 6,500 franchise and company owned restaurants in the U.S. and 25 other countries and U.S. territories worldwide.
About GE Capital, Franchise Finance
GE Capital, Franchise Finance is a leading lender for the franchise finance market via direct sales and portfolio acquisition. With more than 30 years of experience and $10 billion in served assets, we serve over 3,000 customers and over 18,000 property locations. We specialize in financing mid-market operators with multiple stores in the restaurant and hospitality industries. Our team of industry experts will work with you to help develop your own growth plan with access to our proprietary industry research and customized tools. More information is available at www.gefranchisefinance.com.
Source: GE Capital, Franchise Finance