Sold

Multifamily Value Add Acquisition

Southeast, US

$7,000,000

Southeast, US

 

Funding Purpose

Tauro was exclusive engaged to assist a fast-growing sponsor in the acquisition of a 332-unit Value Add Multifamily Property located in the Southeast United States. Tauro provided the sponsor access to friendly capital and sponsor access to friendly capital and arranged $7M in Preferred Equity as part of a $35M total capitalization.

Sponsors

The sponsor will purchase the property, reposition the asset in the marketplace including management improvements and implementing an $5M renovation. This will be the Sponsors first investment with institutional equity and will allow for the Sponsor to grow their acquisitions and portfolio on a systematic basis moving forward.

Challenges

  • Upcoming escrow expiration date
  • Maximize sponsor returns
  • Emerging Sponsor
  • Secondary market

Solutions

  • Sourced equity that provided assured closing
  • Created a market among equity providers to negotiate best possible deal terms
  • Identified friendly capital that had flexibility to work with Sponsor
  • Assisted in sourcing co-gp's providing project support
  • Sourced equity that is investing in the region and sub-markets

Funding

  • $7M Preferred Equity
  • Details confidential
  • Contact for more information


Matt Mueller

Matt Mueller

TITLE

Director, Capital Advisor

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