New triple-net lease retail new construction deals are continuing to garner lender interest through the pandemic. Tauro Capital Advisors recently completed three new construction triple-net loan transactions totaling $50 million. The firm says that it received several bids from lenders when it took the transactions to the market.

"We continue to receive several bids on NNN construction deals when we take these to market," Tony Festa, director and capital advisor at Tauro Capital Advisors, tells GlobeSt.com. "One of the key reasons for this is our unique approach and deep lender relationships. Each week up to three lenders presents to our entire team, providing in-depth details on what opportunities they're actively lending on and their specific qualifiers. Because of this, we always know where the capital is, what they are looking for, and how to access it for our clients."

Tauro attributes at least some of its success in placing these deals with its experience placing debt, which is necessary in the current market when lenders are cautious. "We are one of the most active financial intermediaries in the NNN construction space so lenders are confident in the opportunities we bring to the table and they know we will continue to present new ones," says Festa. "This provides us with a level of negotiating power that allows us to better serve our clients and deliver strategic financing and terms that best suit their business plans."

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.