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LIVE OAK CAPITAL ARRANGES FIXED FINANCING FOR GROUND LEASES

Posted on by in Retail, Texas

TEMPLE, TEXAS — The Houston office of Live Oak Capital has arranged $1.15 million in fixed financing for two restaurant ground leases in Temple. The restaurants Cracker Barrel and Jack in the Box sit on a combined 5.7-acre site located at the southeast corner of the intersection of Interstate 35 and Loop 363. Morris Development, the borrower, purchased the site in March 2004. Greg Young with Live Oak Capital worked on behalf of the borrower to capitalize the commercial real estate with Ohio National Insurance Co.

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