Woods Valley Kampground – Refinance

Valley Center, CA

$2,543,000

Funding Purpose

Tauro Capital Advisors, Inc. was engaged on an exclusive basis to place a loan for the refinance of a 135-spae RV Park and Campground in Valley Center, CA.

Property Description

The asset was purchased by the sponsor in 2017. Solar improvements are planned for the site. It’s located in a popular camping area near nature and casinos.

Sponsors

The sponsor has strong financials and a strong business sense for running the park. He’s implemented a thorough background check to keep turnover at a minimum.

Challenges

  • This type of asset is not typically found in most lenders’ wheelhouses.

Solutions

  • Funding secured with a major bank that was able to provide great terms due to the sponsor’s background and Tauro’s thorough analysis and due diligence processes.

Funding

  • Loan to Value: 65%
  • Interest Rate: 4.00%
  • Amortization: 30 Years
  • Term: 10 Years
  • Recourse: Non-recourse
  • Prepayment: Step-down

Director  | Capital Advisor

858-337-7345

mmueller@taurocapitaladvisors.com