Tauro Capital Advisors, Inc. was exclusively engaged to place a loan for the cash-out refinance of a Raising Cane’s ground lease located in the southern US.
The asset is a brand-new, built-to-suit property. Raising Cane’s executed a 15-year absolute NNN ground lease that commenced in early 2023 by a major intersection.
The sponsor is a retired couple who are experienced commercial real estate owners looking to acquire a safe investment to end their portfolio.
- Lien waiver delays put stress on term sheet deadlines.
- Tauro processing team was able to obtain all necessary items ahead of any deadlines.
- Loan to Value: 30%
- Interest Rate: 6.25% Fixed
- Amortization: 30 years
- Term: 14 years
- Recourse: Full
- Prepay: None