NNN Wendy’s Acquisition

Southeast, US

$500,000

Funding Purpose

Tauro Capital Advisors, Inc. was engaged on an exclusive basis to place debt for the acquisition of a retail property located in the Southeastern US.

Property Description

The asset is a retail property at which Wendy’s holds an absolute NNN lease. They have 18 years left on the lease, and it’s in a central location.

Sponsors

The sponsor is a single woman who was looking to acquire a property that would generate cash flow allowing her to have more independence.

Challenges

  • The borrower had no income and had not filed any taxes for over 10 years.
  • Short timeline for 1031 closing date.

Solutions

  • Funding was secured with a bank located near the property that was able to give the sponsor the terms she needed to acquire this property and also provide a non recourse loan.

Funding

  • Interest Rate: 4.25%
  • Amortization: 25 years
  • Term: 10 years
  • Recourse: Non-recourse

Senior Director  | Capital Advisor

714-469-6718

mingle@taurocapitaladvisors.com