Dealmaker: Tauro Capital Advisors Secures $21M for Triple-Net-Lease Assets

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Dealmaker: Tauro Capital Advisors Secures $21M for Triple-Net-Lease Assets

Tauro Capital Advisors, Los Angeles, secured $20.5 million in financing for four triple-net-lease developers and investors.

Tauro Director Deryl Deese arranged $15 million to allow a single-tenant triple-net-leased developer to expand its portfolio through new site acquisitions and development. “There is certainly a flight to safety underway among investors and developers, which has resulted in an influx in demand for single-tenant triple-net-lease properties,” said Deese.

Deese said the $15 million facility will allow the sponsor to increase liquidity by freeing up otherwise tied-up equity and pursue more opportunities without sharing any profit participation.

The firm also secured $2.8 million in non-recourse financing for an 11,000-square-foot single-tenant retail property owned by a Los Angeles-based private investor. A CVS pharmacy occupies the property.