Funding Purpose
Tauro Capital Advisors, Inc. was exclusively engaged to place a loan for the refinance of a Caliber Collision located in the midwestern region of the US.
Property Description
The property was built-to-suit for the tenant, Caliber Collision, in 2022. it’s a 12,000 SF NNN retail building located along a main thoroughfare near a college town.
Sponsors
The Sponsor recently sold his manufacturing company and was looking to buy triple-net assets as a means of deferring capital gains taxes.
Challenges
- Looking to invest during a rising rate market.
Solutions
- Tauro was able to source a national credit union that was still offering good rates and terms.
Funding
- Loan to Value: 60%
- Interest Rate: 6.25%
- Amortization: 30 years
- Term: 15 years
- Prepayment: No penalty
