Fairview Partners, a boutique bridge lender and real estate debt firm, is pleased to announce the successful closing of a$20 millionloan to InCommercial, facilitated bySalt Lake City-based Gneiting Capital. This significant transaction is a noteworthy moment inFairview'songoing commitment to providing tailored financial solutions to its clients, with a term sheet to closing timeline of less than two weeks.
WithFairview'sfinancing, InCommercial, a prominentChicago-based NNN investment firm, was able to acquire a travel center and gas station portfolio with a tight timeline at year end. Assets included theFairview, KansasTravel America Travel Center and a portfolio of three regionalTexasgas stations.Fairview'sexpertise and ability to provide certainty of execution, combined with the support and proficiency of Gneiting Capital as Broker, resulted in a successfulDecember 29close.
Despite the complexities of the transaction, which included stringent deadlines during the holiday season, Fairview Partners rose to the occasion and delivered the necessary funding, aligning with InCommercial's investment needs. This financing is a testament to Fairview Partners' unwavering commitment to its clients, and its ability to execute with precision.
"Our ability to navigate complex asset classes and provide a high level of execution certainty has always been our hallmark," saidIan McCarthy, Managing Director at Fairview Partners. "We are proud to have played a vital role for InCommercial."
Gneiting Capital played a pivotal, time-sensitive role in rapidly aligning Fairview Partners with InCommercial and facilitating a smooth and efficient closing process.
Having just completed fundraising for its most recent closed-end vehicle, Fairview Investment Fund VII, LP onDecember 31, 2023,Fairviewremains highly active in both acquiring and originating loans and committed to financing a diverse range of assets nationwide with a focus on distressed and special situation real estate debt.