Woodland Hills Office – Acquisition

Los Angeles, CA

$2,500,000

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

 

Co-founder  - President | Capital Markets Group

213-268-4006

sstein@taurocapitaladvisors.com