Office / Multi-Tenant Acquisition

Sacramento, CA

$1,733,000

Funding Purpose

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.

Property Description

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.

Sponsors

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.

Challenges

  • The sponsor was up against a deadline to get SBA to fund within a timely manner.

Solutions

  • The sponsor was able to secure a loan with Five Star Bank that met all of the client’s requirements.

Funding

  • Loan-to-Value: 50%
  • Interest Rate: 3.9%
  • Amortization: 25 Years
  • Term: 10 Years
  • Recourse: Non-recourse
  • Prepayment: Step-down

Senior Director  | Capital Advisor

310-903-2806

tfesta@taurocapitaladvisors.com