Amazon Last Mile – Acquisition

Southwest, US

$7,300,000

Funding Purpose

Tauro Capital Advisors, Inc. was engaged on an exclusive basis to place a loan for the acquisition of an Amazon warehouse facility in the Southwestern US.

Property Description

The property is a single-tenant industrial asset with state-of-the-art equipment. Amazon spent $6,000,000 on renovations and signed a NNN lease.

Sponsors

The sponsor is a company led by a real estate owner, operator, investor and developer with over 20 years of experience.

Challenges

  • The sponsor is using 1031 exchange process from the sale of a 175,000 square foot multi-tenant industrial building.

Solutions

  • Funding was secured before the deadline with a national credit union that gave the best terms after consideration of the corporate guarantee and strong sponsorship.

Funding

  • Loan Amount (LTV): $7,300,000 (65%)
  • Interest Rate: 3.15%
  • Amortization: 30 Years
  • Term: 10 Years
  • Recourse: Payment guarantee
  • Prepayment: No penalty

Director  | Capital Advisor

858-337-7345

mmueller@taurocapitaladvisors.com