Fort Smith Multifamily – Acquisition

South, US


Funding Purpose

Tauro Capital Advisors was engaged on an exclusive basis to place initial funding and an Earn-Out to acquire a 62-unit multifamily property.

Property Description

This asset is a 45,560 SqFt 62-unit multifamily property located in the Southern US. The asset is fully occupied offering 24 1-bed units and 38 2-bed units.


The sponsors are experienced multifamily investors with solid liquidity. Sponsors plan to purchase the property at below-market rents and renovate the units to achieve market rents.


  • Property is located in a tertiary market, and the asset was low performing.


  • Found a California-based credit union to fund the loan after Agency and local market lender turned down the loan. Due to the number of properties in client’s current portfolio and non-local borrower respectively.


  • Loan to Value: 75%
  • Interest Rate: 4.75%
  • Amortization: 30 years
  • Term: 5 years
  • Recourse: Non-recourse
  • Prepayment: None

Senior Director  | Capital Advisor