Advance Care Medical – Value-Add Acquisition

South, US

$3,700,000

Funding Purpose

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.

Property Description

This property was built and designed for ACM’s medical care business.

Sponsors

The sponsor is a vertically integrated CRE development firm with a strong pedigree with similar developments.

Challenges

  • Early stage tenant with little financial information
  • Less than ten locations currently operating
  • Ownership structure required non-recourse debt

Solutions

  • 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.

Funding

  • Loan to Cost: 80%
  • Interest Rate: 8.0%
  • Term: 18 Months
  • Recourse: Carve-out
  • Interest Only: 18 Months
  • Prepayment: 6 Months

Senior Director  | Capital Advisor

310-903-2806

tfesta@taurocapitaladvisors.com

Senior Director  | Capital Advisor

310-654-0683

pdavidovac@taurocapitaladvisors.com

Director  | Capital Advisor

858-337-7345

mmueller@taurocapitaladvisors.com