Funding Purpose
Tauro Capital Advisors, Inc. was engaged on an exclusive basis for the acquisition of a NNN Retail – Caliber Collision located in the midwestern US.
Property Description
Recently built in 2022, this single-tenant retail asset has a brand-new absolute NNN lease signed with Caliber Collision for 20 years.
Sponsors
Recently built in 2022, this single-tenant retail asset has a brand-new absolute NNN lease signed with Caliber Collision for 20 years.
Challenges
- Finding a lender to hold their terms until closing in a very turbulent market.
- Being able to complete a Phase 2.
Solutions
- Tauro worked with the lender to have a Phase 2 report completed in less than 15 days.
- The loan was closed within 45 days to ensure there was no retrade
Funding
- Loan To Value: 65%
- Interest Rate: 7.0%
- Amortization: 30 Years
- Term: 10 Years
- Prepayment: No Penalty
- Close Date: 10/19/2023
