JC Restaurants, LLC, TB Conner, LLC, and JJJ Real Estate, LLC (“JCR”), based in Hasbrouck Heights, New Jersey has obtained a $15,212,000 senior secured term loan including development line of credit to refinance its existing debt, remodel three of its Taco Bell restaurants and acquire the real estate underlying one of its Taco Bell restaurants.
JCR is owned by Joe Cugine, John Antonaccio and James Bodenstedt, long-time quick-service industry veterans with significant experience in the Taco Bell system. The shareholders of JCR, through various affiliates, own and operate 14 Taco Bell restaurants in New York and Connecticut.
Auspex Capital served as the structuring and debt placement advisor to JCR for this transaction.
