Tauro Capital Advisors appropriated a sponsor’s 1031-exchange proceeds by placing an acquisition loan of two industrial manufacturing buildings in the Southwest US.
The two freestanding industrial properties are occupied by oil and energy equipment manufacturing companies.
The sponsor has more than 10 years of commercial real estate experience with favorable financials.
- Securing financing on two energy tenants in a city with a low population.
- Tauro sourced a lender who was comfortable with the area and its tenants.
- Loan-to Value: 50%
- Interest Rate: 4.90% Fixed
- Amortization: 25 Years
- Term: 7 Years
- Prepayment: No Penalty