NNN Burger King & Chipotle – Refinance

Multiple Locations

$2,500,000

Funding Purpose

Helped a client cash-out refinance the acquisition of a Chipotle and Burger King.

Property Description

Burger King – NNN property located in rural Midwest.
Chipotle – NNN property located on the east coast.

Sponsors

The sponsor is based out of Arizona and was looking to place money out of state in Opportunity Zones for tax benefits.

Challenges

  • Properties were acquired prior to Certificate of Occupancy creating issues with Title.

Solutions

  • Used strong Title relationships to get this deal closed.

Funding

  • Loan Amount: $2,500,000
  • Interest Rate: 3.25%
  • Amortization: 30-year
  • Term: 10-year
  • Recourse: Full Recourse
  • Prepayment: No Prepayment Penalty

Senior Director  | Capital Advisor

310-966-0025

fpaparella@taurocapitaladvisors.com

Senior Director  | Capital Advisor

310-903-2806

tfesta@taurocapitaladvisors.com