Huntington Multifamily – Refinance

South Pasadena, CA


Funding Purpose

Tauro Capital Advisors, Inc. was engaged on an exclusive basis to place debt for the refinance of a multifamily property in Pasadena, CA.

Property Description

The asset is an 8-unit garden-style walk-up apartment building with a pool. 6 of the 8 units are newly renovated. The location is central to many public amenities.


The sponsor is a high net worth individual with a successful real estate track record spanning 2 decades. His current portfolio consists of 5 properties.


  • Sponsor looking for best terms possible to help cash flow in his portfolio.


  • Funding secured with a major bank that was able to give the client great terms.


  • Loan to Value: 55%
  • Interest Rate: 4.5%
  • Amortization: 30 years
  • Term: 5 years
  • Recourse: Carve-outs
  • Prepayment: Step-down

Senior Director  | Capital Advisor