NNN Panera Retail – Refinance

Midwest, US


Funding Purpose

Tauro Capital Advisors was engaged on an exclusive basis to place a loan for the refinance of a single-tenant freestanding retail building.

Property Description

This asset is a fully leased and stabilized NNN retail property located next to a major highway and shopping center with large retail stores.


The sponsor is an experienced development group that holds the Area Development Agreement for 150 Panera Bread and Bakery Cafés across 8 states. The sponsor is seeking better financing terms for this specific Panera location.


  • Sponsor looking to refinance and pull max proceeds to invest in upcoming development projects.


  • Funding secured with a local bank and trust was able to provide the cash out requested to fund the pipeline adequately.


  • Loan to Value: 68%
  • Interest Rate: 3.65%
  • Amortization: 30 years
  • Term: 10 years
  • Recourse: Partial Recourse

Managing Director  | Capital Advisor