Richmond 11 Unit Multifamily – Refinance

Richmond, CA


Funding Purpose

Tauro Capital Advisors, Inc. was engaged on an exclusive basis for the refinance of an 11 Unit Multifamily property in Richmond, CA.

Property Description

This asset is a fully leased and stabilized multifamily complex located next to Albany Hill Park with a view of the Bay Area. It also provides easy access to the I-80 and downtown San Francisco.


The Sponsor is an experienced multifamily investor that made most of her money from a trucking company that she recently sold.


  • Had to beat the existing Fannie and Freddie quote.
  • Had a 1% prepayment penalty.


  • Sourced lender that was able to provide a 30-year term with more flexibility.
  • Lender had no origination fee and minimal loan costs.


  • Loan to Value: 30%
  • Interest Rate: 3.625%
  • Amortization: 30 years
  • Term: 30 years
  • Prepayment: Step-down

Senior Director  | Capital Advisor