Conway Apartments – Permanent Acquisition
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Conway Apartments – Permanent Acquisition

Southeastern, US

$2,050,000

Southeastern, US

Funding Purpose

Tauro Capital Advisors, Inc. was engaged on an exclusive to place a fixed rate loan for the acquisition of a Multifamily property located in the Southeast.

Property Description

The property consists of 64 units totaling 52,000 SqFt. There in strong in-place income with additional value-add potential. The 7 buildings were built in the 70s.

Sponsors

The sponsor is a development company with years of investment and value-add experience in multifamily properties.

Challenges

  • Sponsor looking for great terms that include non recourse, and longest term and amortization possible.

Solutions

  • Funding secured with a national direct lender that specializes in debt capital for the multifamily industry which was able to provide great terms for this property.

Funding

  • Loan Amount (LTV): 65%
  • Interest Rate: 4.32% 
  • Amortization: 30 years
  • Term: 15 years
  • Recourse: Non Recourse 
  • Prepayment: Yield Maintenance


Frankie Paparella

Frankie Paparella

TITLE

Director | Capital Advisor

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