16-Unit Multifamily – Refinance

Van Nuys, CA

$2,500,000

Funding Purpose

Tauro Capital Advisors, Inc. was engaged on an exclusive bases to place debt for the refinance of a multifamily asset located in southern California.

Property Description

The property consists of 16 units across 14K SF. It was built in 1986 and is 100% occupied. This is in part due to its strong location in the San Fernando Valley.

Sponsors

The sponsorship consists of commercial real estate investors with a large multifamily portfolio in Los Angeles.

Challenges

  • Sponsor wanted a smooth closing process.

Solutions

  • Tauro was able to facilitate the deal and get it across the finish line without any hiccups, so the Sponsor could focus on the other deals coming up in their portfolio.

Funding

  • Loan to Value: 46%
  • Interest Rate: 5.87%
  • Term: 10 Years
  • Amortization: 30 Years
  • Close Date: 3/29/2024

Managing Director  | Capital Advisor

714-401-7667

mbucaro@taurocapitaladvisors.com