NNN Acquisition – Starbucks

South, US

$900,000

Funding Purpose

Tauro Capital Advisors, Inc. was engaged on an exclusive basis to place debt for the acquisition of a new construction retail property.

Property Description

The property in a NNN Starbucks located in the Southern US. With a drive-thru included, this property was immune to any adverse effects of COVID-19.

Sponsors

The sponsor is a real-estate investor with additional commercial investment properties in his portfolio.

Challenges

  • The sponsor wanted to invest in commercial property during an unprecedented time in history.

Solutions

  • An institutional bank was able to see the value in an essential business with COVID work-arounds already in place.
  • Funding was secured with a great rate.

Funding

  • Loan-to-Value: 60%
  • Interest Rate: 3.90%
  • Amortization: 30 Years
  • Term: 10 Years
  • Recourse: Non-recourse
  • Prepayment: Allowed

Senior Director  | Capital Advisor

310-903-2806

tfesta@taurocapitaladvisors.com