NNN Service Station – Acquisition

South, US

$1,800,000

Funding Purpose

Tauro Capital Advisors, Inc. was engaged on an exclusive basis to source acquisition debt for a service station located in the southern US.

Property Description

The service station consists of gas pumps as well as a retail portion. It is located on a main thoroughfare in its city near two major highways.

Sponsors

The Sponsor is an experienced commercial real estate investor with a portfolio worth more than $35M and strong financials outside of that.

Challenges

  • The lender initially requested a costly and time-consuming Phase 2 report be completed on the property.

Solutions

  • Tauro was able to provide additional documents and work with the lender to avoid this which could have hurt the deal.

Funding

  • Loan-To-Value: 80%
  • Interest Rate: 8% Fixed
  • Amortization: 25 Years
  • Term: 5 Years
  • Close Date: 5/22/2024

Director  | Capital Advisor

714-655-3720

glaws@taurocapitaladvisors.com

Associate Director  | Capital Advisor

714-402-1210

mtbucaro@taurocapitaladvisors.com

Managing Director  | Capital Advisor

714-401-7667

mbucaro@taurocapitaladvisors.com