Tauro Capital Advisors Secures $52.4M Construction Loan For Multifamily Property On N Ventura Ave In Ventura

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.