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.
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.
The sponsor is a single investor with good financials. He owns 10 other properties through trusts valued at nearly $50 Million.
- Sponsor looking to obtain financing with the lowest rate possible.
- Funding secured with a major bank that was able to get him an incredible rate with a lower LTV.
- Loan to Value: 50%
- Interest Rate: 3.20%
- Amortization: 25 years
- Term: 5 years
- Recourse: Non-recourse