Long Beach, CA
Tauro Capital Advisors was engaged to place permanent debt on a multifamily property in Long Beach, CA.
The multifamily property consistent of 6 units, and it was recently purchased in 2019 with over $300,000 in capital expenditures put in. It's right off Alamitos Beach.
The sponsor has five years of experience with multifamily properties in the area. He buys properties to fix and flip, buy and hold, and conduct short term rentals out of.