Multifamily Portfolio – Refinance

Southeast, US

$1,200,000

Funding Purpose

Sponsor purchased two properties all cash and was looking to utilize the strong debt market to leverage the property.

Property Description

A total of 25 units located in the Southeastern US.

Sponsors

A local sponsor located in Los Angeles looking to take advantage of higher returns out of state.

Challenges

  • Multiple APNs created collateralization issue
  • Rural Location
  • Out of State Buyer

Solutions

  • We marketed to 20+debt sources to find a viable solution
  • Used our relationships with 3rd-parties on diligence to expedite the process

Funding

  • Loan Amount (LTV): $1,065,000
  • Interest Rate: 4.20$
  • Amortization: 30-year
  • Term: 15-year
  • Recourse: Full-Recourse

Director  | Capital Advisor

310-966-0025

fpaparella@taurocapitaladvisors.com