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Loan Acquired for Three TRU Locations

Loan Acquired for Three TRU Locations
FM Capital has organized a $7.1 million bridge loan to acquire three former Toys ‘R’ Us locations in Orlando, Fla., Modesto, Calif., and Clive, IA.

The assets were sold at a low cost.

"The sponsor's aggressive business plan and experience within the retail sector served as key factors in a successful acquisition," says Joe Fishman, senior vice president, FM Capital.

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