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InnVest Hotels LP Loan Facility SyndicationCWB Franchise Finance, a division of CWB Financial Group, today announced it has led a syndicate to provide $109 million loan facility to InnVest Hotels LP, owners of ninety-two hotels across Canada. The loan facilities will be used to refinance existing debt and invest in capital projects and opportunistic acquisitions, and are secured against a portfolio of six of InnVest’s assets located across Ontario, Manitoba and New Brunswick.
Lone Star Texas Grill Development LineCWB Franchise Finance (CWB), a division of CWB Financial Group, has provided a term loan and development line facility to Lone Star Group of Companies (Lone Star), a growing Canadian restaurant brand with locations across Ontario. The funds will be used to assist Lone Star with the build-out of new locations as well as renovation and update of existing units.
CWB celebrates prosperous first year of new Franchise Finance DivisionIt's been 15 months since CWB introduced its Franchise Finance division after purchasing GE Capital Canada. And to say that the CWB Franchise Finance team have outperformed in their debut as a division of CWB is an understatement.
CWB reports very strong financial performance for the fourth quarter and fiscal 2017CWB’s strategic execution and financial performance in fiscal 2017 were both very strong. We maintained our focus on business owners while delivering growth across a broader geographic footprint with increased industry diversification. We also made significant progress toward the upcoming transformation of our capital management processes, and worked to ensure our ongoing technology investments and process improvements position us to meet the rapid pace of growth and change within our industry.