Tauro Capital Advisors Secures $52.4M Construction Loan For Multifamily Property On N Ventura Ave In Ventura
FINANCED
$52,400,000
California
See Similar DealsMultiFamily150,000 SF
Financed 09/06/2022
FINANCED
Tauro Capital Advisors Secures $52.4M Construction Loan For Multifamily Property On N Ventura Ave In Ventura
2055 N Ventura Ave
See Similar DealsMultiFamily150,000 SF
Financed 09/06/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$349
Total Square Footage:150,000 SF
Transaction Type:Loan
The property asset involved in this transaction is a multifamily unit located at 2055 N Ventura Ave in the Ventura market. It consists of 125 units and has a total square footage of 150,000. The loan amount secured for this asset is $52,400,000 with construction loan terms set at 85% loan to cost (LTC).
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $52,400,000
- Address: 2055 N Ventura Ave
- Market: Ventura
- Units: 125
- Square Footage: 150,000
- Landlord: Noah Harris
- Brokers: Frankie Paparella ([email protected]) & Matt Bucaro ([email protected]) - Tauro Capital Advisors
- Loan Type: Construction
- Loan Terms: 85% LTC
The key individuals involved in this transaction include the landlord Noah Harris and brokers Frankie Paparella and Matt Bucaro from Tauro Capital Advisors. They played crucial roles in facilitating the loan process for the multifamily property.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$52,400,000.00
Monthly NOI$349,333.33
Monthly Debt Service$331,203.64
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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