Tauro Capital Advisors Funds $7M Acquisition Loan For Self Storage In Auburn, AL

The property involved in the transaction is a Self Storage asset located at 1946 East Glenn Avenue in Auburn, AL. Spanning 56,788 square feet, the property was acquired by Bryan French. The loan for this acquisition was provided by Tauro Capital Advisors, amounting to $7,000,000. Garryn Laws and Matthew Bucaro from Tauro Capital Advisors represented the deal as brokers.

Summary of transaction details:

• Property Type: Self Storage
• Transaction Amount: $7,000,000
• Address: 1946 East Glenn Avenue
• Market: Auburn, AL
• Lender: Tauro Capital Advisors
• Landlord: Bryan French
• Brokers: Garryn Laws & Matthew Bucaro - Tauro Capital Advisors
• Loan Type: Acquisition Loan

During the closing of the deal, the borrowers' relationship lender unexpectedly pulled out, leaving Bryan French in a challenging position. Fortunately, Garryn Laws and Matthew Bucaro from Tauro Capital Advisors swiftly facilitated a new arrangement with Tauro Capital Advisors to ensure the completion of the transaction within a tight deadline of 14 days.