Commercial Loan News
Alioto - Jack in the Box
STEELHEAD CAPITAL, INC. REPRESENTS A BAY AREA INVESTOR IN THE PURCHASE OF A 20 YEAR UNSUBORDINATED GROUND LEASE TO JACK IN THE BOX
San Francisco, CA - April 5, 2006
Commercial Mortgage Summary:
San Francisco, CA - Steelhead Capital, Inc. represented The Alioto Fish Company, LTD in it's $1,900,000 acquisition of a long term unsubordinated ground lease to Jack in the Box.
The 20 year absolute net lease provides fixed increases every 5 years. The Corporate owned and operated Jack in the Box is located across from a large retail power center anchored by a Raley's grocery store in the affluent community of Granite Bay in Placer County, California.
A. Sean Aguilar, CCIM, provided the advisory services and was responsible for procuring the replacement property, negotiating the purchase and sale and facilitating the closing. The Buyer elected to use an IRS 1031Exchange and closed in 15 days.
Steelhead Capital, Inc. is a premier provider of creative financing and 1031 exchange solutions for commercial real estate investors. Steelhead Capital brings an extensive network of lending sources, replacement properties, structured finance experience with a focus on acquisitions, and a clear commitment to personalized customer service to investors financing properties in any of the 50 states. Steelhead Capital's offices are located in San Francisco, CA. Complete company information can be found at www.steelheadcapital.com.
Contact Information:
Steelhead Capital, Inc
415-397-2980 (phone)
415-397-2981 (fax)