Adjacent Multi-Tenant Offices – Acquisition

Midwest, US


Funding Purpose

Tauro Capital Advisors expanded a CRE investor’s diverse portfolio by placing a loan request for the acquisition of two adjacent office buildings in the Midwestern U.S.

Property Description

The two office buildings include 26 suites across roughly 280,000 square feet with a parking ratio of 4.35 spaces per 1,000 square feet.


The sponsor is a very well capitalized and experienced office syndicator. They have a proven track record with a very strong REO portfolio.


  • Volatile interest rate environment
  • Office asset
  • Value-Add lease-up
  • Secondary market
  • Portfolio occupancy began at 67%
  • Mitigating purchase price and economics as the asset leased-up


  • Kept lender interest through transparency and persistence
  • Team effort worked closely with the lease-up team


  • Funding Source: Regional/National Bank
  • Loan Amount (LTV): $21,700,000 (70% LTV)
  • Interest Rate: Sub 6%
  • Term: 5 Years
  • Amortization: 25 Years
  • Recourse: Full
  • Prepayment: Percentage step down