Updated Sep 11, 2026
Tauro Capital Advisors Secures $52.4M Construction Loan For Multifamily Property On N Ventura Ave In Ventura
2055 N Ventura Ave
$52,400,000
$349/SF
Building Size
150,000 SF
Asset Type
MultiFamily
Closing
Sep 6, 2022
About this deal
AI
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.
On the Map
$52,400,000
$349/SF
MultiFamily
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Players
Ventura MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.30%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93