Mixed Use Build-to-Suit – Refinance

Burbank, CA


Funding Purpose

Tauro Capital Advisors was engaged on an exclusive basis to place a senior loan for the refinance of the Social Security Administration office in Burbank, CA.

Property Description

The property is a build-to-suit 13,600 square foot GSA office which includes 52 parking stalls totaling 1,000 square feet.


The sponsor is a 31-year veteran developer specializing in build-to-suit and GSA offices.


  • The lender was struggling to match the requested debt service coverage ratio.
  • Deal structure was not made clear to sponsor.


  • Tauro was able to sit-down and walk through the deal structure with the client to help make sense of it.
  • The lender made concessions in other deal terms to even out the high DSCR.


  • Interest Rate: SOFR + 1.90 w/ Cap
  • Amortization: 30 Years
  • Term: 10 Years
  • Recourse: Non-Recourse
  • Prepayment: None

Director  | Capital Advisor