Dockerty Romer Arranges $20M Refinance Loan for Office Building in Boca Raton

Butters Acquisitions LLC acquired 1900 Midtown two years ago and recently renovated the property which is now 90 percent leased.

BOCA RATON, FLA. — Dockerty Romer & Co. has arranged a $20 million refinancing loan for 1900 Midtown, a 116,140-square-foot office building in Boca Raton. The borrower, Butters Acquisitions LLC, an affiliate of Butters Construction & Development, acquired the asset two years ago and recently renovated the property, which is now 90 percent leased to a variety of tenants including GardaWorld, a private security firm, and law and financial services firms. Citigroup provided the 10-year, fixed-rate loan.

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