SM Office (Multi-tenant) – Refinance

Santa Monica, CA


Funding Purpose

Tauro Capital Advisors, Inc was engaged on an exclusive basis to refinance this asset for the sponsor.

Property Description

The property consists of 3 contiguous buildings with 18,000 SqFt of rentable space. The property is located in a prime Santa Monica spot, and is 100% leased.


The sponsor is a high net worth individual who works as the president of a major real estate services firm in Southern California.


  • The sponsor was looking for maximum leverage to a 1.25 DSCR.


  • Funding secured with a national bank that was able to give the sponsor maximum leverage at a 1.25 DSCR.


  • Loan to Value: 65%
  • Interest Rate: 3.34%
  • Amortization: 25 years
  • Term: 10 years
  • Recourse: Non-recourse
  • Prepayment: Allowed

Director  | Capital Advisor