$12M Mixed-Use Refinance and Cash Out
Property and Location:
• 36 Retail Units and 2 Residential Units
• 53,200 total SqFt
• Long Beach, CA
• Refinanced current loan to give client 3M cash out to begin construction on another project.
• Complex borrowing structure with 17 EB-5 investors
• Construction Loan, 50% LTV, 60% LTC
• Able to close deal in under 30 days
• 30 Day LIBOR + 6.25% - Full-Recourse
• 2yr Term
Working alongside clients as a true advisor, Tauro's professionals achieve results that far exceed expectations and establish trusted relationships.
The firm’s principals are steadfast in providing the resources and support necessary for its professionals to flawlessly execute in solving client’s financing needs and challenges.
For exclusive news and market updates sign up for our newsletter.