Essencap Funding focuses on two types of clientele: business owner and real estate investor. 

Essencap has assisted two food-related clients in purchasing retail theme properties which dum to be a difficult transaction during COVID period. Here is the reason why.

As most of us are either cook at home or ordering food, rather than going out to eat. The restaurant business has been negatively impacted by COVID. With the government limiting capacity, a lot of lenders set up internal guidelines in limited lending activity to the food-related business. The impact includes restaurants, commercial kitchens, catering event halls, and hospitality businesses. The only exception is supermarket and food wholesaler. 

Internet e-commerce has been an increasing trend in consumer behavior even before COVID. During COVID this trend has been intensified. Retail real estate has come under pressure. And continue to surfer during COVID time. 

Here is a few sample report data provided by CBRE and Bloomberg, New York retail might come under pressure.

However, to contrary belief, we feel this is a great opportunity for successful businesses to flourish when real estate comes under pressure. These are two cases where our clients purchase real estate for their business. 

https://www.bloomberg.com/graphics/2020-commercial-real-estate/

CBRE Report

CBRE Report Retail 

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Our client Cesar's Empanadas has near 5 starts over 186 google reviews. We are proud to represent a local client on their choice of financing service. The food truck business is a difficult business due to the New York cold weather and NYC health regulation. In NYC the weather can be in the two exterme. Our client to particularly successful in the Mexica-style food truck business. 

Food truck business is not a new concept business. Has been around for a very long period of time. Food trucks have grown in popularity since the 2008 recession and are as much of a restaurant concept as family-style dining or fast food. Given the low cost, many would-be restaurateurs option to open food truck businesses, which now are regarded as respectable venues for starting a career in the food business. Today, food trucks offer menu options from cupcakes to grilled cheese to hybrid taco-waffles, and pretty much anything imaginable. Going beyond street food cuisine, food trucks now cater to all tastes, offering gourmet, locally sourced, artisan menu items.


The truck specializes in Latin cuisine and offers various sizes of menu options. The first and most recommended is of course empanadas. Empanadas are freshly made to order, and you can see how delicious their tender and crispy skin makes them. After a bite, this flavor will be amplified, and all the delicious ground beef, onions, and other spices can make you feast. Cesar does have several options for empanadas, such as chicken, vegetarian. The affordability allows you to try all these options according to your wishes. A side note for seafood lovers – yes, they do have a shrimp version.

As of March of 2019, IBISWorld estimated there are more than 23,000 food trucks in the U.S. doing about $1 billion worth of business annually. Growth from 2014-2019 is estimated to be 6.8%. Because state and local regulations vary among states, food trucks may be more popular in some areas than others.

Given New York is a high-density area. Food truck parking and traffic is a major problem for many food truck businesses. The food truck owner can not be too far area due to the traffic conditional. The business can not allocate too much time on getting in and out of the city. Due to Covid, it does help the food truck business, given the businesses can serve food outside in the open area. However, the normal condense office and business areas are no longer exist. It still poses a big challenge to the food truck business, given the reduced food traffic.  

Essencap is proud to support local businesses to source funding for the business. Please visit our local business partner. 

https://hoodline.com/2020/04/new-york-city-s-4-favorite-spots-to-score-empanadas-on-the-cheap/

https://www.facebook.com/pages/Cesars-Empanadas/188775247810515