Mixed Use / Multifamily, Retail, and Office – Acquisition

San Diego, CA


Funding Purpose

Tauro was exclusively engaged to find acquisition financing for a historical mixed-use building in San Diego, California

Property Description

Old City Hall building in the Gaslamp quarter of San Diego with Florentine-Italianate architectural style. Consists of retail, office, and residential space inside


Sponsor has a very high net worth with the majority invested in 16 other income producing properties


  • Deal was on a strict timeline as this was one part of a multi-property 1031 exchange
  • Sponsor has had some deals go bad in the past


  • Closed with a souther California based credit union that was able to get the deak done in time and place debt despite the couple past deals


  • Loan Amount (LTV): 60% 
  • Interest Rate: 3.38% 
  • Amortization: 30 Y
  • Term: 5 Y
  • Recourse: Recourse
  • Prepayment: Step Down

Managing Director  | Capital Advisor