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

by Alex Tostado

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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