Tauro was engaged on an exclusive basis to place 80% LTC financing for the development of an Advance Care Medical urgent care and internal medicine facility.
This property was built and designed for ACM’s medical care business.
The sponsor is a vertically integrated CRE development firm with a strong pedigree with similar developments.
- Early stage tenant with little financial information
- Less than ten locations currently operating
- Ownership structure required non-recourse debt
- Tauro sourced a new lending partner willing to provide financing for this location and various future sites.
- Tauro’s experience in the product type led to creative capitalization structure that met the client’s needs.
- Loan to Cost: 80%
- Interest Rate: 8.0%
- Term: 18 Months
- Recourse: Carve-out
- Interest Only: 18 Months
- Prepayment: 6 Months