LB Multifamily – Acquisition

Long Beach, CA


Funding Purpose

Tauro Capital Advisors, Inc. was engaged on an exclusive basis to obtain acquisition financing for a multifamily property located in Long Beach, CA.

Property Description

The asset is a 24-unit multifamily property with some deferred maintenance. Proceeds will be put towards a full interior and exterior renovation.


The sponsor is an LA based real estate investment firm. The partners have over thirty years of investment experience and extended to real estate nearly a decade ago.


  • The sponsor is looking for the best terms possible based on the plans for revitalizing the property.


  • Funding secured with a national bank that provided great terms based on the location, sponsor experience, and property plans.


  • Loan to Value: 75%
  • Interest Rate: 4.5%
  • Amortization: 30 years
  • Term: 10 years
  • Recourse: Payment guarantee
  • Interest Only: 60 months
  • Prepayment: Step-down