NNN Burger King – Acquisition

Northwest, US

$600,000

Funding Purpose

Tauro Capital Advisors, Inc. was engaged on an exclusive basis to place low-leverage, permanent acquisition loan for this property.

Property Description

The property is a single tenant net lease retail property with 17 years remaining on the lease. It was recently remodeled and is roughly 3,000 square feet.

Sponsors

The sponsor is an experienced property owner and real estate professional with strong financials.

Challenges

  • The property is located in a non-major market.
  • There was a leaking underground storage tank nearby.

Solutions

  • Funding was secured despite issues since the market is experiencing high growth.
  • The leak was plugged with numerous reports saying it’s safe.

Funding

  • Loan-to-Value: 30%
  • Interest Rate: 4.35%
  • Amortization: 30 Years
  • Term: 10 Years
  • Recourse: Payment guarantee
  • Prepayment: Step-down

Senior Director  | Capital Advisor

310-903-2806

tfesta@taurocapitaladvisors.com