Safeway Grocery Store – Acquisition

Phoenix, AZ

$12,500,000

Funding Purpose

Tauro Capital Advisors, Inc. was engaged on an exclusive basis to source financing for an acquisition of a freestanding grocery tenant in Phoenix, AZ.

Property Description

The asset is a fully leased and stabilized NN retail property on a busy intersection with great visibility.

Sponsors

The sponsor is an investor with excellent financials. He owns multiple other retail properties valued at nearly $220 million.

Challenges

  • Sponsor was looking to obtain financing in a rising rate environment at the lowest rate possible.

Solutions

  • Funding secured with a CMBS lender that was able to get the sponsor maximum LTV.

Funding

  • Interest Rate: 10 year swap + 270
  • Amortization: Yield Maintenance
  • Term: 10 years
  • Recourse: Non-Recourse

Director  | Capital Advisor

714-655-3720

glaws@taurocapitaladvisors.com

Managing Director  | Capital Advisor

714-401-7667

mbucaro@taurocapitaladvisors.com