MBP structured a balance sheet solution that provided sponsorship with both certainty of execution, and max proceeds in a volatile lending environment.

MBP leveraged its capital relationships to procure a balance sheet loan with cash-out refinance for a Class-A shopping center in Santa Clara, CA. Our lender gave certainty of execution in the midst of a volatile interest rate environment. This provided our client a high degree of comfort during the closing process.

MBP delivered a high-leverage, non-recourse solution that allowed the sponsorship to capture the imputed value of their land purchase and provide financing for the full development without the need for any equity brought to closing.

MBP closed on a loan for a luxury SFR development on the Big Island of Hawaii. Sponsorship is one of the most active developers in Hawaii and plans to build over 100M of luxury SFR homes over three years. MBP delivered a high-leverage, non-recourse solution that allowed the sponsorship to capture the imputed value of their land purchase and provide financing for the full $100M development without the need for any equity brought to closing. The loan is a pseudo-revolver that refreshes every 18 months contingent on hitting various hurdles.

Acquisition and horizontal development land loan providing a maximum leverage, non-recourse solution, allowing sponsors to retain project without additional equity or partners.

The sponsor exclusively engaged MBP, seeking a maximum leverage, non-recourse solution to acquire the subject site and provide funds for the horizontal construction costs. MBP evaluated the project and sponsorship’s strong basis to structure an all-debt solution without any additional cash to close. This allowed sponsorship to retain the entirety of the project without additional equity or partners.

MBP closed refinancing for the Malibu Country Mart, a high-end retail property procuring highly competitive pricing in a highly uncertain macroeconomic environment.

Term: 7 Year fixed - Rate Adjusts Once in Year 8 to 10 YR TR + 2.50%

MBP closed refinancing for a high-end retail property in Malibu, CA. with the pressures of a highly uncertain macroeconomic environment. The Sponsor exclusively sought out MBP due to our creative capital solutions and certainty of execution. MBP procured highly competitive pricing for the borrowers locking in the rate for six months, allowing the Sponsor to wait for the yield maintenance period of their existing loan to burn off in December.

A non - recourse construction loan leveraged land value and equity spent - to - date were mobilized quickly to ensure no additional funding was needed to close.

MBP utilized influential capital relationships and procured a non-recourse construction loan for a multifamily apartment complex in San Diego, CA. The loan leveraged the land value and equity spent-to-date, allowing the sponsor to forego bringing any additional equity to close. Our lender mobilized quickly, provided the sponsors with a smooth, one-month closing, and gave the borrower confidence to cancel his other loan application.

MBP utilized its close relationship with an institutional equity partner to provide extremely competitive JV equity terms that significantly increased the sponsor's yield on the transaction.

MBP was trusted to exclusively structure both the debt and equity in this transaction for a multifamily acquisition, which needed to be executed within a strict closing timeline. MBP utilized its close relationship with an institutional equity partner to provide extremely competitive JV equity terms that significantly increased the sponsor's yield on the transaction.

MBP structured a mezzanine debt piece, closed four separate deeds of trust on three assets, and secured 100% of the capital costs required for the acquisition and holdback on the transaction.

MBP was engaged exclusively with a repeat client to secure a lender that could deliver maximum proceeds based on the strength of the market and future lease rates (rather than in-place cashflows). To achieve this task, MBP structured a mezzanine debt piece behind what was already a high-leverage senior debt placement. MBP closed four separate deeds of trust on three assets and secured 100% of the capital costs required for the acquisition and holdback on the transaction.

MBP secured competitive debt financing to structure a quick close, high leverage, non-recourse debt solution with no prepay which provided sponsorship a higher projected yield.

MBP closed on the acquisition of a former Doubletree Hotel in Beachwood, OH. MBP leveraged sponsorship’s optimal basis and the location of the asset to secure competitive debt financing within 21 days of engagement. MBP structured a quick close, high leverage, non-recourse debt solution with no prepay which provided sponsorship a higher projected yield. Sponsorship intends to convert the site to Multifamily and Phase II.

MBP leveraged its capital relationships to procure a competitive refinancing loan with flexible prepayment penalties from a local bank.

MBP leveraged its capital relationships to procure a competitive refinancing loan with flexible prepayment penalties from a local bank. This retail strip center is comprised of a great mix of national and regional credit tenants and smaller local businesses. MBP was able to focus on the experience of the Sponsor and the creditworthiness of the tenant base, which allowed our lender to get comfortable with the transaction. Our lender was able to give certainty of execution during a time of uncertainty and volatility.

MBP procured competitive leverage, pricing, and structure for an acquisition bridge loan allowing sponsorship to increase their overall projected return. 

The closing of another specialty use acquisition bridge loan for an existing property located in the Dallas–Fort Worth metroplex. The property is being acquired and converted into a new education and childcare facility, which will take approximately 8-10 months post-acquisition. Sponsorship exclusively sought out MBP due our creative capital solutions and certainty of execution. MBP was able to procure competitive leverage, pricing, and structure allowing sponsorship to increase their overall projected return.

MBP procured a loan that refinanced a 1st and 2nd term deposit with low-interest rates and a line of credit, which allowed the borrower financial flexibility. 

MBP closed a loan that refinanced and procured a 1st and 2nd Trust Deed (TD). This credit facility was able to take advantage of the low-interest rate environment and provide a line of credit to give the borrower financial flexibility as he looks to expand his presence in the area. The line of credit is fixed and subject to review every two years, after which it is renewed and continually revolves.

Loan for a multi-tenant retail center in Arizona in which MBP was able to procure a three-year interest-only solution while achieving a last-minute rate reduction to help maximize cash flow.

MBP closed on a loan for a multi-tenant retail center in Arizona. The sponsor had owned and operated the bustling asset for more than four years featuring tenants in the medical, fitness, and restaurant space. The anchor tenant is the largest employer in the state of Arizona and services the debt by itself, giving MBP the tools to leverage the investment-grade credit and mitigating any concerns with the gym and restaurant tenancy. The sponsor requested two years of interest-only financing, and MBP was able to procure a three-year interest-only solution while achieving a last-minute rate reduction to help maximize cash flow.

MBP leveraged its connections to achieve the sponsor’s pricing expectations and a quick close in a tight market for a patch of entitled land in North Lake Tahoe, NV.

The sponsor worked for over a decade, investing significant cash equity and cooperating with various government agencies to secure land entitlements and more than 300 TAUs. With strict pricing restrictions and a short closing horizon, MBP was able to leverage its connections to achieve the sponsor’s pricing expectations and a quick close in a tight market.

Originally completed using 9% LIHTC financing, which produced the entirety of its allocated tax credits, MBP procured an additional lender and assisted in the navigation of the complex ownership structure. 

RECOURSE: TO .01% OF THE BORROWING ENTITY

MBP closed on a loan that successfully refinanced a stabilized Independent Senior Living community located Palmdale, CA. The 144-unit project was originally completed using 9% LIHTC financing and has since produced the entirety of its allocated tax credits. MBP was then able to procure a lender and assist in the navigation of the complex ownership structure to ensure no recourse liability for the beneficiary of the Tax Credits, while allowing them to remain in the deal as majority owner.

Cash-out refinance of a commercial office allowing the owner to further invest in rehabilitating other assets in the local market and the family’s long history in the area.

MBP closed on a cash-out refinance for a commercial office in Van Nuys, CA. The cash-out proceeds will allow the owner to further invest in rehabilitating other assets in the local market and furthering the family’s long history of operating commercial space in the Van Nuys area. Tenants include the owner’s management company, Bank of America, and several medical practices.

Permanent loan in Lansing, MI for a repeat client with a lender who offered sub 4% fixed rates and non-recourse. 

MBP procured a relationship for a repeat client with a lender comfortable in offering sub 4% fixed rates and non-recourse. This is the second deal the borrower completed with the lender in 2022, and we look forward to many more.

MBP acquired a loan for the acquisition and heavy rehabilitation of an apartment complex by leveraging the sponsor’s robust experience and securing 82% LTC, non-recourse refinancing, not subject to any appraisals.

MBP closed on a loan for the acquisition and heavy rehabilitation of a 44-unit apartment complex in San Diego, CA. The property was initially put in escrow in March 2020 and the sponsor was able to maintain a 16-month escrow as the pandemic environment improved. The business plan is to create a premium product for the submarket, allocating over $70k/door and revitalizing the asset.  MBP leveraged the sponsor’s robust experience and secure 82% LTC, non-recourse refinancing that was not subject to any appraisals.

MBP procured a low-leverage, cash out refinance for an industrial building with a cannabis tenant, and provided the borrowers with a smooth closing and competitive pricing.

MBP closed on a loan for an industrial building with a cannabis tenant and owner-occupied component in Gardena, CA. With 35% of tenancy leased to an up-and-coming cannabis grower, MBP leveraged its capital relationships and procure a low-leverage, cash-out refinance that was not subject to an appraisal. The lender was comfortable with sponsor’s historical ownership of the asset, mobilized quickly, and provided the borrowers with a smooth closing that had competitive pricing considering the unique nature of the tenancy.

MBP secured a maximum leverage, full-term, interest-only debt solution that underwrote the DSCR to interest only and had no cash-out limitations for a repeat borrower.

MBP was engaged exclusively by a repeat borrower to refinance their existing debt as it was quickly approaching maturity - a SFR portfolio in the San Diego State University submarket of San Diego, CA. MBP secured a maximum leverage, full-term, interest-only debt solution that underwrote the DSCR to interest only and had no cash-out limitations. 

MBP structured a high loan-to-cost solution and was able to increase initial proceeds due to strength of the development, location, and business plan.

Multifamily Construction - Senior Debt, JV Equity, & Credit Enhancement

MBP exclusively procured the construction financing for the first of two deals by the same sponsor in the Oakland, CA market - with financing of the second project following shortly thereafter. MBP structured a high loan-to-cost solution and was able to increase initial proceeds due to strength of the development, location, and business plan. The project will be built using a US-based steel modular provider, which is a strategy that has not yet been widely adopted by real estate construction lenders.

MBP secured a fixed rate loan for the closing of a medical office building acquisition by identifying a capital partner willing to lock in their rate for four months alleviating financial stress.

MBP was engaged exclusively to secure a fixed-rate loan at the lowest possible coupon. MBP identified a capital partner that was willing to lock their rate for almost four months and take the stress of a never-changing economy and interest rate volatility off the table. The sponsor doesn’t anticipate the need to refinance this loan any time soon and appreciates the lender’s no prepay policy in addition to their commitment to honor the terms of their April 1st LOI.

Competitive debt and equity financing to structure a high leverage non-recourse debt solution with flexible prepay, which allowed sponsorship to bring little cash to close.

MBP closed on the acquisition and reposition of a boutique hotel in South Lake Tahoe, CA. MBP leveraged sponsorship’s optimal basis and the location of the asset to secure competitive debt and equity financing within 45 days of engagement. MBP structured a high-leverage non-recourse debt solution with flexible prepay, which allowed sponsorship to bring little cash to close.

Debt & Equity Placement, Acquisition & Reno

With a purchase price of $6,000,000, MBP structured a loan based on a residual land value analysis and provided a 75% LTC loan inclusive of additional proceeds for soft costs and an interest reserve.

Bridge-to-bridge refinance allowing MBP to refinance the existing debt and provide holdback dollars to complete a conversion from retail to multifamily space in San Diego, CA.

The sponsor engaged MBP to find a flexible lending solution that would allow them to refinance the existing debt and provide holdback dollars to complete the conversion of a ground-floor retail space to a multifamily space. MBP secured a 45-day close, with no appraisal risk and past third-party reports from a prominent family office. 

MBP leaned on its bank connections to procure a lender for the acquisition of this Class A office building in which several tenants have less than four years remaining on their leases. 

To close on this acquisition loan for a Class A office building, MBP leaned on its bank connections and procured a lender comfortable leveraging the strength of the borrower and providing an acquisition loan with several tenants having less than 4 years remaining on their leases. The facility is non-recourse.

For an existing school campus, MBP procured competitive leverage, pricing, and structure for a speciality use acquisition bridge loan allowing sponsorship to increase their overall projected return.

MBP closed on a specialty use acquisition bridge loan for an existing school campus located in Hurst, TX. The facility, previously owned and operated by a local university, was undergoing rebranding into a new specialty school through a reverse built-to-suit lease structure. Sponsorship is the one of the largest preferred developers for private education and exclusively sought out MBP. We were able to procure competitive leverage, pricing, and structure allowing sponsorship to increase their overall projected return.  

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$25,000,000Oakland, CA

$62,000,000Santa Clara, CA

$30,500,000Kamuela, HI

$25,000,000Oakland, CA