Funding Purpose
Tauro Capital Advisors was engaged on an exclusive basis to place a loan for the acquisition of a Dollar Tree & Family Dollar location in the Southwestern US.
Property Description
The property includes a 10-year NN lease requiring minimal landlord responsibility. New combination store concept has proven extremely successful for Dollar Tree, Inc.
Sponsors
The sponsor is acquiring the subject property using 1031-exchange proceeds from the sale of an SFR-for-rent asset.
Challenges
- The buyer was acquiring his first commercial property in a 1031 exchange.
Solutions
- Tauro communicated real estate knowledge and ran a thorough 1031/cash flow analysis for buyer.
Funding
- Loan-to-Value: 60%
- Interest Rate: 4.91%
- Amortization: 30 Years
- Term: 10 Years
- Recourse: Patrial Recourse
