TPEG sells Redneck Heaven building

The Redneck Heaven restaurant and bar concept that began in this building has since expanded to three locations in the DFW area. TPEG owned this building for two years and sold it to the restaurant owner today. TPEG subordinated debt investors received a 10.2% pre-tax IRR and a 120% cash-on-cash return and TPEG equity investors received an 18% pre-tax IRR and a 137% cash-on-cash return over the two year investment period.