Industrial-Single Tenant – Refinance/Cash-Out

West, US


Funding Purpose

Tauro Capital Advisors, Inc. was engaged on an exclusive bases to place debt for the refinance and cash-out of a single-tenant industrial property.

Property Description

The asset is a Cummins regional location with nearly 100,000 square feet on 14 acres with 11 years left on the lease. It is valued around $21M and in a strong location.


The sponsorship consists of 2 high net worth individuals in SoCal who started investing decades ago in NNN assets.


  • Sponsor’s loan was coming due, and the current lender wanted cash in to extend and a 25 year amortization.


  • Funding secured with a finance provider who was able to provide cash-out on an interest-only loan to bridge the gap until the asset can be sold.


  • Loan Amount (LTV): $12,800,000 (65%)
  • Interest Rate: 8.15%
  • Term: 3 years
  • Recourse: Non-Recourse
  • Close Date: 12/28/2023

Managing Director  | Capital Advisor