Funding Purpose
An injury law firm was looking to expand into a larger office as their business continued to grow. Tauro got them high leverage financing at 90% LTV.
Property Description
The property is located in a prime location off Ventura Blvd. next to the newly developed Porsche dealership.
Sponsors
The sponsor is local business owner that was looking to acquire their first commercial property.
Challenges
- There were environmental issues with a previous gas station at an adjacent property.
Solutions
- Tauro looked up local title records and noticed that the lender had closed a deal on another adjacent property and got the Phase 2 waived.
Funding
- Interest Rate: 5.4% Fixed
- Amortization: 25 Years
- Term: 25 Years Fixed
- Prepayment: Step Down
