Deal Spotlight:  June 2018

Auspex Capital Secures $10,000,000 in Financing for Jeff and Lee Engler

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:  
"We've been with Auspex for 15 years and going strong.  We utilize them on strategic basis and a deal-by-deal basis, and when Auspex has vetted a deal or bank agreement we know the result is going to be what we expected.  We will not get surprises."

The Engler's, through various affiliated entities, own and operate 187 Taco Bell restaurants including 81 properties and are one of the 15 largest YUM! Brands franchisees in the United States.    

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