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CWB Franchise Finance partners with the Joseph Richard Group on development line facility
MISSISSAUGA - CWB Franchise Finance has provided financing to the Joseph Richard Group to assist with new premises construction, expansion and renewal of existing premises and other general corporate purposes. Established in 2002 by founding partners Andre “Joseph” Bourque and Ryan “Richard” Moreno, the Joseph Richard Group owns and operates 18 restaurants in the British Columbia lower mainland, including Oak & Thorne Public House, S&L Kitchen and Bar, Townhall Public House, and the Oceanside Yacht Club.
CWB Franchise Finance provides financing to Ricky's Group for acquisition of Famoso Neopolitan Pizzeria
CWB Franchise Finance has provided a term loan facility to Ricky’s Family Restaurants for the acquisition of the Famoso Neapolitan Pizzeria chain. Established in 2006, Famoso has 30 franchised locations in British Columbia, Alberta, Saskatchewan and Ontario, and is known for using authentic ingredients and processes in their premium-casual pizzeria restaurants. Ricky’s is part of the FDF Restaurant Brandz folio, with 175 franchised restaurant locations including Ricky’s All Day Grill, Ricky’s Country, Ricky’s Cafes and Fatburger.
CWB Franchise Finance leads $109 million loan facility syndication for InnVest Hotels LP
CWB 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.
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