Funding Purpose
Tauro Capital Advisors, Inc. was engaged on an exclusive basis to place debt for the acquisition of a DaVita location in the southern US.
Property Description
The retail asset has three years left on its NNN lease with DaVita. The 5,000 square foot property was built in 2007 near a major hospital and retail center.
Sponsors
The retail asset has three years left on its NNN lease with DaVita. The 5,000 square foot property was built in 2007 near a major hospital and retail center.
Challenges
- Small market with a short term lease of less than 3 years.
Solutions
- Tauro was able to find a credit union that could get the deal done despite the conditions working against it.
Funding
- Loan-to-Value: 65%
- Amortization: 30 Years
- Term: 5 Years
- Prepayment: 3-2-1
- Close Date: 4/19/2024
