Single Tenant Industrial – Refinance/Cash Out
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Single Tenant Industrial – Refinance/Cash Out

VAN NUYS, CA

$1,400,000

VAN NUYS, CA

 

Funding Purpose

Refinance / Cash Out for single tenant industrial building.

Property Description

Smaller Industrial property located in the San Fernando Valley building frontage on a busy street.

Sponsors

Los Angeles based company catered towards older adults investing in property to expand their operations.

Challenges

  • Sponsor request required SBA funding which delayed the closing process.

Solutions

  • Institutional lender was able to close with good terms, and the process was kept moving by proactive communication through Tauro.

Funding

  • Loan Amount (LTV): 50%
  • Interest Rate: 6.0%
  • Amortization: 25 years
  • Term: 10 years
  • Recourse: Recourse
  • Prepayment: Step down


Matt Bucaro

Matt Bucaro

TITLE

Senior Director | Capital Advisor

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