9-Unit Multifamily – Refinance

Long Beach, CA


Funding Purpose

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

Property Description

The asset is a nine unit multifamily building built in 1963 with all newly renovated units. It’s a garden-style, walk-up complex with garage parking.


The sponsor is a California based, real estate investment firm LLC operated by industry professionals with about a decade of experience.


  • Sponsor looking to lower rate to have more cash available for investments.


  • Funding secured through a major national bank that was able to give the sponsor what they were looking for.


  • Loan to Value: 70%
  • Interest Rate: 4.39%
  • Amortization: 30 years
  • Term: 5 years
  • Recourse: Payment guarantee
  • Interest Only: 36 months
  • Prepayment: Step-down