Financing Package for Ground-up Development in Connecticut

HINGE Brokers is pleased to announce the closing of a financing package for the development of a new ground-up childcare center in the Trumbull, CT market earlier this year.

Our client, a large independent operator with multiple locations in Connecticut, has been on an expansion program over the last few years. HINGE has helped nourish this program by connecting the operator with financing sources as well as guiding the investor through the nuances of the childcare industry. 

The financial investor provided virtually all of the capital required for the development in exchange for a 15-year triple net lease structure with multiple extension options. Depreciation benefits, control of the premises and a reasonable money factor on the lease rate were all compelling reasons for the operator to welcome this investor to its roster of finance sources—not to mention nearly 100% financing.

By teaming up with HINGE, the seller was able to continue its expansion plans without tying up its working capital. The investor, a repeat contact for HINGE in providing financing for child care, was able to place funds in a solid real estate investment leased to a market-dominant operator. This placement helps extend the finance company’s foothold in an Amazon-proof industry—you can’t get child care over the Internet!

For more information or to learn more about how HINGE Brokers can support your buying or selling needs, please contact us at info@hingebrokers.com.

Meredith Martin