Walnut Avenue Multifamily – Refinance

Long Beach, CA


Funding Purpose

Tauro Capital Advisors, Inc. was engaged on an exclusive basis to place debt for the refinance of a multifamily property located in Long Beach, CA.

Property Description

The asset is a garden-style walk-up complex with covered parking. All 14 units are newly renovated with new kitchens, bathrooms, flooring, and window coverings.


The sponsor is an LA based real estate investment firm owned by a pair of business partners who have almost a decade’s worth of experience in real estate investment.


  • Sponsor looking for above average leverage with good terms.


  • Funding secured with a major international bank that was able to give them better terms than they were looking for.


  • Loan to Value: 70%
  • Interest Rate: 4.39%
  • Amortization: 30 years
  • Term: 30 years
  • Recourse: Payment guarantee
  • Interest Only: 36 months
  • Prepayment: Step-down