Marvin Development IV, LLC and Marvin Development of South Dakota, LLC (“Marvin”), a New Hope, MN based commercial real estate holding company owned and operated by long-time Taco Bell franchisees Jeff and Lee Engler, has secured a $10,000,000 line of credit to fund the development of new Taco Bell restaurants and a $1,170,000 real estate term loan to finance the unencumbered real estate underlying a Taco Bell restaurant.
Jeff Engler had this to say about the deal and the partnership with Auspex: