Tauro Capital Advisors was engaged on an exclusive basis to place debt on 88 units with cash out for the sponsor’s other investments.
Located in San Bernardino, this is a garden-style 88-unit apartment building.
Repeat customer that we’ve closed multiple deals for this year. He was looking for cash-out and a cheaper interest rate.
- Significant cash-out
- Lower income neighborhood
- Repeat customer where we established a relationship between him and a lender
- Interest Rate: 3.25%
- Amortization: 30-year
- Term: 5-year
- Prepayment: Step-down