Ventura Multifamily – Development

Ventura, CA


Funding Purpose

Tauro Capital Advisors, Inc. was engaged on an exclusive basis to initially place common equity, but then transitioned to placing senior debt for the modular construction of a mixed-use development and ground-floor retail.

Property Description

The mixed-use development consists of 125 residential units and 10,000 square feet of ground-floor retail.


The sponsor is experienced in modular construction with three finished projects in the last five years and two more in progress.


  • There are usually extra steps involved in securing enough funding as modular properties are not considered traditional buildings.


  • Loan was secured through two lenders that were able to provide favorable terms, meeting the client’s requirements.


  • Loan Amount (LTV): $52,365,000 (subject to change based on updated stabilized value)
  • Loan-to-Cost: 85%
  • Interest Rate: 8.31%
  • Term: 24 Months

Senior Director  | Capital Advisor


Managing Director  | Capital Advisor


Director  | Capital Advisor