NNN GCAM Plasma - Refinance/Cash Out
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NNN GCAM Plasma - Refinance/Cash Out

Moreno Valley, CA

$1,700,000

Moreno Valley, CA

 

Funding Purpose

Tauro was exclusively engaged to place a loan for the refinance of a NNN GCAM Plasma location in Moreno Valley, CA.

Property Description

The property is a 15,000 SqFt NNN retail building that was puchased in 2012 and renovated in 2020. A 10 year lease was signed in mid 2020.

Sponsors

The sponsor is a real estate investor with over 20 years of experience. He has a high net worth and liquidity and has owned several NNN properties in the past.

Challenges

  • Sponsor looking for more favorable financing terms after owning the property for 9 years. 

Solutions

  • Funding with California based credit union that was able to meet the client's desired terms.

Funding

  • Loan Amount (LTV): 50%
  • Interest Rate: 3.5%
  • Amortization: 30 years
  • Term: 10 years
  • Recourse: Non recourse
  • Prepayment: Step down


Matt Ingle

Matt Ingle

TITLE

Director | Capital Advisor

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