12-Unit Multifamily Acquisition

Southeast, US


Funding Purpose

Tauro Capital Advisors was engaged on an exclusive basis to place a perm loan for the acquisition of a 12-unit multifamily asset in Fresno, CA utilizing 1031-exchange proceeds.

Property Description

All 12 units are fully occupied with current rents slightly below comparable properties and market rent.


The sponsor is an experienced commercial real estate investor with a diverse portfolio of multifamily, office, industrial, and SFRs for rent all in Fresno, CA.


  • Borrower had filed taxes on extension and sought timely closing
  • Current market conditions constrained LTV and increased pricing
  • The borrower’s investment strategy was to pay off the loan ahead of maturity


  • Tauro sourced debt from a bank without prepayment penalties
  • Funding approved within 30 days followed by rushed appraisal and closing


  • Loan-to-Value: 80%
  • Interest Rate: 6.00%
  • Amortization: 25 Years
  • Term: 10 Years
  • Prepayment: No Penalty