Tauro Capital Advisors, Inc. was engaged on an exclusive basis to place debt for the acquisition and remodeling of a retail portfolio.
The assets are all retail buildings with long-term, single tenant, NNN leases with Caliber Collision. All are located in the Western US.
The sponsor is a real estate investment and development company headquartered in Sacramento, CA.
The sponsor sought a 100% LTC loan with great terms to secure and renovate the properties.
Funding was secured that met the sponsor’s requirements with a debt source that specializes in NNN financing.
- Loan Amount (LTV): $15,000,000 (80%)
- Interest Rate: 10.55%
- Term: 3 Years
- Recourse: Non-recourse
- Interest Only: 36 Months
- Prepayment: No penalty