Holiday Inn  – Refinance

Holiday Inn – Refinance

El Monte, CA


El Monte, CA


Funding Purpose

 Refinance the borrower permanent loan and provide cash out to provide equity into another development project he was working on.

Property Description

The subject property is the Holiday Inn Hotel, a 142 room hotel located in El Monte, California. The 4-story improvements were constructed in 2017. The property is situated between the El Monte and Rosemead neighborhoods, approximately 13 miles northeast of Downtown Los Angeles.


foreign investor/developer that had used EB5 equity to start the construction. Had three projects ongoing in California and two in Hawaii. 


  • Hotel was not operating at its full capacity as the sponsor had just completed construction


  • Tauro was able to give client max proceeds based on projections and baking in an interest reserve


  • Loan Amount (LTV) $20,000,000 (55% LTV)  
  • Interest Rate – 7.75%  
  • Term -24 Months 
  • Recourse - Recourse 
  • Interest Only  - 24 Months   

Matt Bucaro

Matt Bucaro


Senior Director | Capital Advisor

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