Dutch Bros and Taco Bell Location – NNN Development

Midwest, US


Funding Purpose

Tauro Capital Advisors helped a long-standing client source construction financing for development of new adjacent Taco Bell and Dutch Bros location in the Midwestern U.S.

Property Description

The property is located near a major Midwestern city and will break ground upon loan funding.


Repeat client of Tauro who is an experienced build-to-suit developer and Taco Bell franchisee.


  • Changing economic conditions have led to increased cap rates in the single-tenant space
  • Tightening underwriting and more expensive financing have limited the lending environment at 100% LTC


  • Developer and Tauro worked closely to provide accurate sales comps for other similar properties and provided lender with an assigned appraisal that supported the value conclusion
  • Tauro’s lending relationships and experience with the sponsor provided the selected lender a higher level of comfort to provide 100% LTC debt


  • Loan Amount (LTV): $4,000,000
  • Interest Rate: 30-Day SOFR + 8.99%
  • Term: 1 Year
  • Recourse Completion Guarantee and Partial Repayment Guarantee

Managing Director  | Capital Advisor