5-Unit Multifamily – Refinance/Cash Out

Hayward, CA


Funding Purpose

Tauro Capital Advisors, Inc was exclusively engaged to place a loan for the cash-out refinance of a property that was willed to the sponsor when his parents passed.

Property Description

The property is a 5-unit multifamily property located in Hayward, CA. It consists of one 4 unit building and one standalone cottage. Currently 100% leased.


The sponsor is a real estate investor with 10 years of experience. His portfolio consists of SFR, multifamily, and commercial units across three states.


  • Sponsor inherited the property from deceased parents, and Court and title delayed inheritance and title transfer.
  • Building in need of renovations, so looking for maximum loan to value.


  • Funding secured with a major bank that was able to give the sponsor maximum proceeds for the renovations.


  • Loan to Value: 70%
  • Interest Rate: 3.25% 
  • Amortization: 30 years
  • Term: 10 years
  • Recourse: Non-recourse 
  • Prepayment: Step-down

Senior Director  | Capital Advisor