7-11 NNN Portfolio – Acquisition

Midwest, US

$6,150,000

Funding Purpose

Clients purchased NNN properties prior to CofO and used accelerated depreciation to limit capital gains tax on a company they sold.

Property Description

Newly built 7/11 properties in rural locations.

Sponsors

Two partners that sold out of a manufacturing company and were looking to purchase NNN properties out of state.

Challenges

  • Needed to close financing prior to Certificate of Occupancy
  • Rural Location

Solutions

  • Closed with a bank that we’ve worked with previously
  • Strong credit borrower

Funding

  • Loan to Value: 50%
  • Interest Rate: 6.04%
  • Amortization: 25 years
  • Term: 5 years
  • Recourse: Full recourse

 

Managing Director  | Capital Advisor

310-903-2806

tfesta@taurocapitaladvisors.com