Diamond Tail SFR Lots – Refinance

Southwest, US


Funding Purpose

Tauro Capital Advisors was engaged on an exclusive basis to place a bridge loan for the cash-out refinance of 93 ready-to-build SFR lots.

Property Description

The lots are located in the Southwestern U.S. and are a fraction of the 201 SFR lots to be built. The lots are 20 minutes from a major airport and come with nearby amenities.


The sponsor is an experienced SFR developer. He acquired the development from a prior client, and intends to use proceeds from the loan to purchase and develop adjacent land parcels.


  • Want to structure the deal in a way that will make it look attractive to lenders.


  • Funding secured with a life company that helped plan the capital stack and funded at the desired terms.


  • Loan Amount (LTV): 50%
  • Interest Rate: 8.99% Fixed
  • Term: 2 Years
  • Recourse: Carve-Out
  • Interest Only: 2 Years
  • Prepayment: No Penalty