Caliber Collision – Acquisition

Midwest, US

$1,000,000

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

Associate Director  | Capital Advisor

714-655-3720

glaws@taurocapitaladvisors.com