Tauro Capital Advisors, Inc was engaged on an exclusive basis to place the loan for the acquisition of a Yoshinoya.
The NNN Retail property is located in Spring Valley, CA. The 1,800 square foot property was built in 2019, and Yoshinoya still has 11 years remaining on the lease.
The sponsor is an experienced investment property owner with strong financial viability.
- Sponsor looking for a permanent loan with good terms.
- Funding secured with a California bank that was able to offer great terms and a non recourse loan.
- Loan to Value: 55%
- Interest Rate: 4.4%
- Amortization: 25 years
- Term: 10 years
- Recourse: Non-recourse
- Interest Only: 36 months
- Prepayment: Step-down