Bojangles’ Famous Chicken ‘n Biscuits, an American regional chain of 750 restaurants in 11 states, closed on its first whole-business securitization in October 2020. Bojangles, legal counsel Paul Wiess, and Barclays engaged Property Works to obtain all necessary consents from Bojangles’ landlords. Despite the disruption of the Pandemic, Property Works was able to obtain all required consents for the refinancing to move forward.
“It was very exciting to work with such a highly regarded brand like Bojangles,” said company Partner Karla Finnegan. “We were able to offer our expertise in communicating with landlords and our technology that streamlines projects with such a large scale.”
Refinances, acquisitions, and restructurings of retail/restaurant corporations likely require landlord consent. When numerous locations are involved, the task of managing communication with hundreds of landlords can become daunting very quickly. That’s why Property Works offers Consent Acquisition services to national brands like Bojangles and many others.