Tauro Capital Advisors was hired to supply a high leverage funding solution under a tight timeline.
The 48-unit property consists of eight buildings which will include amenities such as a dog park, covered picnic area, and a grilling station.
The sponsor is a high net worth, high liquidity investment group with 20+ years of experience in multifamily and storage acquisition value-add, property management, capital raising and appraising.
- Borrower required maximum loan proceeds
- Current market conditions constrained loan amount and increased pricing
- Tertiary Market
- Tauro sourced a debt partner who supplied 80% of the purchase price.
- Our capital partner closed in nine calednar days.
- Loan amount: $5,768,000
- Interest Rate: 9.5% Fixed
- Term: 3-month loan extension option for 1 point