Noah Harris Secures $16.88M Construction Loan For Multifamily Property In Eagle Rock | 4800 Onteora Way | Frankie Paparella | MultiFamily | Loan

Summary

Loan

CALIFORNIA

MultiFamily

158,890 sqft

Located at 4800 Onteora Way in the Eagle Rock market, this property is a multifamily asset with a total square footage of 158,890. The property consists of 14 units, offering ample residential space for tenants.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $16,880,000
Loan Type: Construction Loan
Loan Terms: 85% LTC

Noah Harris is the landlord of this property. The broker for this transaction is Frankie Paparella from Tauro Capital Advisors. Paparella played a crucial role in securing a high leverage senior construction loan with a loan-to-cost ratio of 85%. The lender granting the loan is able to provide quick closing and has the option to leverage further with PACE financing. For inquiries regarding financing, contact Frankie Paparella at [email protected].

Players

All
2

Agents
1
Agencies
1

Frankie Paparella

Associate Director

Tauro Capital Advisors

Details

Deal Summary

FINANCED

IMAGE: Frankie Paparella & Matt Bucaro DATE: 03/03/2022 ADDRESS: 4800 Onteora Way MARKET: Eagle Rock ASSET TYPE: Multifamily ~ SF: 158,890 ~ UNITS: 14 LANDLORD: Noah Harris BROKER: Frankie Paparella - Tauro Capital Advisors LOAN AMOUNT: $16,880,000 LOAN TYPE: Construction Loan LOAN TERMS: 85% LTC NOTE FROM BROKER: High leverage senior construction loan (85% LTC). Lender also has the ability to close quickly & can lever higher with PACE financing. For financing inquiries – [email protected]

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Address4800 Onteora Way

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