Single-Tenant Industrial Warehouse – Cash Out Refinance

South Central, US

$1,000,000

Funding Purpose

Tauro Capital Advisors was engaged on an exclusive basis to place a loan for the refinance of a single-tenant industrial warehouse in the South Central U.S.

Property Description

The property sits on 3.36 acres of industrial outdoor storage, and is occupied by Lightspeed Construction.

Sponsors

The sponsor is an experienced CRE investor with a portfolio worth over $10M.

Challenges

  • Clients bought property one year ago.
  • Tenant was only paying rent for one year and only had four years left.
  • Appraisal came back at half of estimated value using income approach.

Solutions

  • Tauro utilized a lender relationship that was able to get up to 100% LTC / 50% LTV on a perm debt loan.

Funding

  • Loan Amount (LTV): 100% LTC and 50% LTV
  • Interest Rate: 6.75%
  • Amortization: 30 Years
  • Term: 4 Years
  • Prepayment: No Penalty

Director  | Capital Advisor

714-469-6718

mingle@taurocapitaladvisors.com

Associate Director  | Capital Advisor

714-402-1210

mtbucaro@taurocapitaladvisors.com