Aaron’s Retail Portfolio – Refinance

East, US

$5,230,000

Funding Purpose

Tauro Capital Advisors, Inc. was exclusively engaged to place debt for the refinance of 7 Aaron’s Rents retail stores located in the Eastern US.

Property Description

The assets are all under long term NNN leases with Aaron’s Rents. Each one has a minimum of 8,000 square feet. They span many different markets across 5 states.

Sponsors

The sponsor has over 35 years of real estate experience that includes NNN retail and luxury residential across the US.

Challenges

  • Sponsor was seeking 10 year fixed rate debt with full term interest only. The properties were discontinuous and had lease turnover within 8 years.

Solutions

  • Funding secured with a debt source that was able to refinance the portfolio with great terms.

Funding

  • Loan Amount (LTV): $5,230,000 (53%)
  • Interest Rate: 4.60%
  • Term: 10 year (interest only)
  • Recourse: Carve-outs
  • Interest Only: 120 months
  • Prepayment: Yield maintenance

Director  | Capital Advisor

310-903-2806

tfesta@taurocapitaladvisors.com