Outdoor Retail Center – Refinance/Cash Out
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Outdoor Retail Center – Refinance/Cash Out

Baldwin Park, CA

$3,600,000

Baldwin Park, CA

Funding Purpose

Tauro Capital Advisors, Inc. was engaged on an exclusive basis to secure a cash out refinance at a significantly lower interest rate.

Property Description

The property is a 4 unit outparcel built in 2018, tenanted by national and regional credit tenants. All tenants are leased on a 10 year NNN basis through 2028.

Sponsors

The sponsor is a single investor with strong financials looking for better terms for this property.

Challenges

  • Sponsor newly widowed.
  • First time going through a CRE loan process.

Solutions

  • Tauro Advisor managed the entire loan process from marketing to close.
  • Tauro Advisor walked client through complete process.
  • Secured financing with historic and award-winning credit union.
  • Reduced interest rate by 125 basis points.

Funding

  • Loan to Value: 60%
  • Interest Rate: 3.63%
  • Amortization: 30 Y
  • Term: 10 Y
  • Recourse: Payment Guarantee
  • Prepayment: Allowed


Deryl Deese

Deryl Deese

TITLE

Senior Director | Capital Advisor

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