Gables at Red River Multifamily – Refinance

South, US


Funding Purpose

Tauro Capital Advisors was engaged on an exclusive basis to place a loan for the cash-out refinance of a 21-unit multifamily property.

Property Description

Recently built in 2021, this property consists of 21 2-bed units. There are 44,506 residents located within a 3-mile radius with a median household income $46,504.


The sponsor contributed a large sum towards the purchase of the asset and is seeking a cash-out refinance for the property.


  • Borrower had no income other than subject properties income or tax returns from last 3 years.


  • Strong relationship with a local bank that Tauro has closed several transactions with in the past year, so they were able to make the exception.


  • Loan to Value: 75%
  • Interest Rate: 4.5%
  • Amortization: 30 years
  • Term: 7 years
  • Prepayment: Step-down

Senior Director  | Capital Advisor


Managing Director  | Capital Advisor