Tauro Capital Advisors was engaged on an exclusive basis to place SBA 504 debt for the acquisition of a retail building located in Lomita, CA.
The 5,000 SqFt brick masonry building has space for 6 tenants with $100,000 worth of capital expenditures budgeted.
The sponsor, Anandia Pearls, who will be utilizing three spaces in the property, has been in business for 15 years and has sufficient revenue to support the acquisition.
- Sponsor is a small business looking for good terms that don’t hurt their cash flow.
- Funding secured with a national bank that was able to provide the sponsor great terms.
- Tauro’s team demonstrated the business growth and potential to support the buy.
- Loan Amount (LVT): 90%
- Interest Rate: 4.10%
- Amortization: 25 years