Funding Purpose
Tauro Capital Advisors, Inc. was engaged on an exclusive basis by the tenant to purchase this manufacturing facility to help grow their operation with greater efficiency.
Property Description
The property is an industrial, single-tenant building built in 1979 totaling 18,000 SqFt. It’s located in Gardena near a lot of clients. It’s a manufacturing facility of baked goods.
Sponsors
The sponsor is the owner-user of the site. With over 35 years of successful business operations in the baking industry, the sponsor has strong financials.
Challenges
- The sponsor was looking for maximum leverage of owner-user financing.
Solutions
- Funding secured with a national bank that provided high leverage SBA Financing.
Funding
- Loan to Value: 90%
- Interest Rate: 3.9%
- Amortization: 25 years
- Term: 15 years
- Recourse: Non-recourse
- Prepayment: Step-down
