Outdoor Retail Center (Starbucks & T-Mobile) – Acquisition

Thousand Oaks, CA

$2,300,000

Funding Purpose

Tauro Capital Advisors, Inc. was engaged on an exclusive basis to place senior debt for the Refinance/cash-out of a freestanding retail property in Thousand Oaks, CA.

Property Description

The asset is a fully leased and stabilized NNN retail property in a busy area with great visibility. Drive through provides a hedge against pandemic restrictions.

Sponsors

The sponsor is a single investor with good financials. He owns 10 other properties through trusts valued at nearly $50 Million.

Challenges

  • Sponsor looking to obtain financing with the lowest rate possible.

Solutions

  • Funding secured with a major bank that was able to get him an incredible rate with a lower LTV.

Funding

  • Loan to Value: 50%
  • Interest Rate: 3.20%
  • Amortization: 25 years
  • Term: 5 years
  • Recourse: Non-recourse

Managing Director  | Capital Advisor

714-401-7667

mbucaro@taurocapitaladvisors.com

Director  | Capital Advisor

714-402-1210

mtbucaro@taurocapitaladvisors.com