BMW of Ridgefield
Overview
| Deal Type |
Financial Services |
|---|---|
| Details |
Term Loan, Floorplan Line of Credit, and Commercial Mortgage |
| Client & Transactional Partners |
BMW of Ridgefield |
| Our Role |
Sole Lender |
Summary
KeyBank successfully closed a Term Loan, Floorplan Line of Credit, and Commercial Mortgage for BMW of Ridgefield, located in Ridgefield, Connecticut. Proceeds from the facilities will be used to support inventory needs, acquisition financing, and real estate financing. KeyBank acted as Sole Lender on the transactions.
Keeler Motor Car Company is a family owned and operated dealership which opened in the spring of 1967 and continues to serve the Greater Capital Region as a six franchise dealership group. Keeler recently partnered with Washington, D.C. based Open Road Capital to purchase BMW of Ridgefield. BMW of Ridgefield’s 50,000 square foot campus features a state-of-the-art showroom, service facility, and vehicle delivery center. This flagship center has won the coveted Center of Excellence award for outstanding customer satisfaction. Based on 15 operational criterion, BMW of Ridgefield, was selected along with 30 other stores out of the 388 retail centers in BMW’s dealer network, to receive this special recognition.
