9-Unit Multifamily – Refinance

Long Beach, CA


Funding Purpose

Tauro Capital Advisors, Inc was engaged on an exclusive basis to place a loan for the refinance of a multifamily property located in Long Beach, CA.

Property Description

The asset consists of 9 units spread across 7,500 SF. The refinance is to replace the current floating rate debt with cash out to renovate the 1 bed units.


The Sponsor is an LLC headed by a couple who have been investing in multifamily real estate for 20 years. Their current portfolio has 3 properties valued at $5.5M.


  • After the Sponsor’s floating rate jumped to over 8%, they wanted to refinance as quickly as possible.


  • Funding secured with an international bank that was able to close and fund quickly meeting the desired terms.


  • Loan to Value: 40%
  • Interest Rate: 6.41%
  • Term: 30 Years, Fully Amortized
  • Prepayment: Step-down
  • Close Date: 9/13/2023

Associate Director  | Capital Advisor