NNN Advance Financial – Acquisition

Southeast, US

$1,000,000

Funding Purpose

Provided acquisition financing for the purchase of a fintech facility in the Southeastern US.

Property Description

Corporate single tenant absolute triple net lease property with 2% Annual Escalations. Renovated in 2016.

Sponsors

Experienced investor looking to diversify portfolio and reduce management responsibilities.

Challenges

  • Getting lenders comfortable with a privately owned tenant.
  • Property is in a Flood Zone.

Solutions

  • Sourced a local lender that was familiar with the tenant.
  • Navigated Flood Insurance requirements.

Funding

  • Loan to Value: 65%
  • Interest Rate: 3.75%
  • Amortization: 25 years
  • Term: 15 years

Senior Director  | Capital Advisor

310-903-2806

tfesta@taurocapitaladvisors.com

Associate Director  | Capital Advisor

714-402-1210

mtbucaro@taurocapitaladvisors.com