Multifamily – Acquisition

Multifamily – Acquisition

Southeastern, US


Southeastern, US


Funding Purpose

Tauro was engaged to place a permanent loan for the acquisition of a multifamily property

Property Description

The property is a value add, 81-unit apartment building in the Southeastern, US. The sponsor needed to complete $300,00 of value-add interior and exterior renovations to bring rents to market


California investment group with a strategy to diversify multifamily holdings geographically to the Southeastern region


  • 70 percent occupancy with extensive deferred maintenance and absentee management
  • Out of state sponsor acquisition of property with extensive deferred maintenance and operating inconsistencies


  • Great term and structure provided by a national credit union


  • Loan Amount (LTV): $2,300,000 (73%)
  • Interest Rate: 4.2% 
  • Amortization: 30 Y
  • Term: 15 Y
  • Recourse: Non Recourse 
  • Prepayment: Allowed

Deryl Deese

Deryl Deese


Senior Director | Capital Advisor

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