Black Bear Diner – Bridge

South, US


Funding Purpose

Tauro was exclusively engaged to source the bridge loan on this single tenant restaurant to help bridge the gap to clean up buyer financial profile.

Property Description

Black Bear Diner is a free standing restaurant with locations across 14 states primarily in the western U.S.


Inexperienced investor new to NNN retail and has a weak global debt coverage ratio with little reportable income.


  • Tertiary Market & weak sponsorship
  • Borrower had a tight timeline to close
  • Rising interest rate environment


  • Got lender comfortable with market given the strength of the tenant
  • Expedited closing process using prior third party reports
  • Short term bridge to give borrower time to clean up financials


  • Loan To Value: 55%
  • Interest Rate: 10%
  • Term: 12 months
  • Prepayment: No penalty

Associate Director  | Capital Advisor


Managing Director  | Capital Advisor