ARRIBA CAPITAL CLOSES $1,035,000 LOAN FOR AN OWNER-OCCUPIED RESTAURANT IN NOBLESVILLE, IN

Arriba Capital (Arriba) successfully closed a $1,035,000 SBA 7a loan for the refinance and leasehold improvements of an owner-occupied restaurant; located in Noblesville, IN. This new debt facility replaces the existing private money notes while providing the necessary capital to complete the build-out of the outdoor patio. The mostly unsecured loan was priced at Prime plus 200 (5.5%) with a ten-year term and ten-year amortization.

The borrower is an experienced, privately held, restaurant group that currently owns and operates restaurants in Texas, Wisconsin, & Indiana.