other material
confidence high
sentiment neutral
materiality 0.35
Falcon's Beyond investee FCG secures $6.18M mortgage for new Orlando HQ
Falcon's Beyond Global, Inc.
- Falcon's Creative Group (equity method investee) obtained $6.18M mortgage from Climate First Bank at 8.75% initial rate.
- Loan used to purchase 9.59 acres and 57,000 sq ft office building from Valencia Community College for $10.3M total.
- Loan has 18-month interest-only period, then resets to 5yr Treasury + 275bps; prepayable without penalty.
- Property intended to house current and additional employees for FCG's new headquarters in Orlando.