Tauro Capital Advisors, Inc. was engaged on an exclusive basis to place a permanent acquisition loan for a multi-tenant office space to be partially utilized as a company’s headquarters with the additional space leased out.
The property is a multi-tenant office building with industrial elements located in Sacramento, California. It consist of 6,000 square feet with an overall valuation at just under $2,000,000.
The sponsor is a real estate company involved in the development and investment of commercial property. The sponsor has a combined 20 years of experience with NNN retail.
- The sponsor was up against a deadline to get SBA to fund within a timely manner.
- The sponsor was able to secure a loan with Five Star Bank that met all of the client’s requirements.
- Loan-to-Value: 50%
- Interest Rate: 3.9%
- Amortization: 25 Years
- Term: 10 Years
- Recourse: Non-recourse
- Prepayment: Step-down