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Tauro Capital Advisors Provides $14.64 Million Refinance Loan For Westside SSA Office In Sacramento

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FINANCED
$14,640,000

California

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Office37,000 SF
Financed 10/16/2024
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FINANCED

Tauro Capital Advisors Provides $14.64 Million Refinance Loan For Westside SSA Office In Sacramento

8581 Folsom Boulevard

See Similar Deals
Office37,000 SF
Financed 10/16/2024
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$395
Total Square Footage:37,000 SF
Transaction Type:Loan

The property asset involved in this transaction is an office located at 8581 Folsom Boulevard in the Sacramento market, covering a total square footage of 37,000. The transaction reflects a loan amount of $14,640,000 provided for refinancing purposes, under a loan agreement with specific terms including a 6.60% interest rate, a 5-year term, 25-year amortization, no prepayment penalty, and is categorized as non-recourse.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $14,640,000
  • Loan Type: Refinance
  • Loan Terms: 6.60% Rate, 5 Year Term, 25 Year Amortization, No Prepayment Penalty, Non Recourse
  • Lender: Tauro Capital Advisors
  • Landlord: Westside SSA
  • Brokers: Stephen Stein, Avi Youshaei & Sam Stein - Tauro Capital Advisors

The transaction involved key representatives from Tauro Capital Advisors, specifically brokers Stephen Stein, Avi Youshaei, and Sam Stein, who played a pivotal role in facilitating the loan agreement. Their expertise in the market was integral to the successful refinancing of the office property.

Players

Sam Stein
2 deals$32.8M volume(213) 407-3798
BROKER

Avi Youshaei
1 deal$14.6M volume
BROKER

Stephen Stein
Tauro Capital Advisors
1 deal$14.6M volume(213) 268-4006
BROKER

Details

FINANCED
IMAGE: Avi Youshaei, Stephen Stein & Sam Stein DATE: 10/16/2024 ADDRESS: 8581 Folsom Boulevard MARKET: Sacramento ASSET TYPE: Office ~ SF: 37,000 LENDER: Tauro Capital Advisors LANDLORD: Westside SSA BROKERS: Stephen Stein, Avi Youshaei & Sam Stein (@SamStein77) - Tauro Capital Advisors (@TauroCapitalAdvisors) LOAN AMOUNT: $14,640,000 LOAN TYPE: Refinance LOAN TERMS: 6.60% Rate, 5 Year Term, 25 Year Amortization, No Prepayment Penalty, Non Recourse

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$14,640,000.00

Monthly NOI$97,600.00
Monthly Debt Service$92,534.76
Change in Cash Flow$0.00
Refinance Proceeds$0.00