North Hollywood Multifamily – Acquisition

Los Angeles, CA

$1,000,000

Funding Purpose

Provided acquisition financing to allow the sponsor to utilize low interest rates.

Property Description

7-unit Multifamily property in the North Hollywood neighborhood of Los Angeles.

Sponsors

A local family from Los Angeles with years if experience in Real Estate looking to purchase their first Multifamily property.

Challenges

  • First-time Multifamily buyer.
  • Complex entity structure with 5 sponsors.
  • Sponsor was given a short closing window by the seller.

Solutions

  • We utilized our strong capital sources to provide multiple financing options.
  • Worked with the lender to allow post-closing stipulations to close in a timely manner.

Funding

  • Loan Amount (LTV): 58% LVT
  • Interest Rate: 3.60% 
  • Amortization: 30 years
  • Term: 5 years
  • Recourse: Non-recourse

Director  | Capital Advisor

310-966-0025

fpaparella@taurocapitaladvisors.com