NNN Starbucks – Development

Santa Rosa, CA

$3,050,000

Funding Purpose

Tauro Capital Advisors, Inc. was exclusively engaged to place 100% LTC financing for the acquisition and reposition of a US Bank building into a drive-thru Starbucks.

Property Description

Starbucks recently signed a NNN lease for the retail property located in a high-growth market.

Sponsors

The sponsor is a highly experienced real estate development firm located in Northern California with over 35 years and 30 projects under their belt.

Challenges

  • The sponsor was looking for a development loan to build the Starbucks property to suit.

Solutions

  • Funding was secured with a NNN lender that was able to loan at 100% LTC for the sponsor to complete construction and sell off the asset.

Funding

  • Loan-to-Value: 80%
  • Interest Rate: 11%
  • Recourse: Payment guarantee
  • Interest Only: 1 Year
  • Prepayment: No penalty

Senior Director  | Capital Advisor

310-903-2806

tfesta@taurocapitaladvisors.com