Cypress Park Apartments – Acquisition

Southeast, US


Funding Purpose

Tauro was engaged to place a permanent loan for the acquisition of a multifamily property.

Property Description

The property is a value add, 81-unit apartment building in the Southeastern, US. The sponsor needed to complete $300,00 of value-add interior and exterior renovations to bring rents to market.


California investment group with a strategy to diversify multifamily holdings geographically to the Southeastern region.


  • 70 percent occupancy with extensive deferred maintenance and absentee management.
  • Out of state sponsor acquisition of property with extensive deferred maintenance and operating inconsistencies.


  • Great term and structure provided by a national credit union.


  • Loan Amount (LTV): $2,300,000 (73%)
  • Interest Rate: 4.2% 
  • Amortization: 30 Y
  • Term: 15 Y
  • Recourse: Non Recourse 
  • Prepayment: Allowed

Senior Director  | Capital Advisor