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 secured a maximum leverage, full-term, interest-only debt solution and had no cash-out limitations.

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

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.  

MBP secured a maximum-proceeds, non-recourse construction loan with zero cash down for a ground-up build of a multifamily apartment complex.

Construction loan for the ground-up build of a multifamily apartment complex in Totowa, NJ. MBP engaged exclusively with a General Contractor to secure a high leverage loan for his Totowa apartment project. MBP was able to secure a maximum-proceeds, non-recourse debt solution with which the GC was able to bring his own appraisal and zero cash to close.

MBP secured a 45-day close for a ground floor to multifamily conversion project with no appraisal risk, over $1.5million of cash out, and utilization of third-party reports from a prominent family office. 

MBP found a flexible lending solution for the asset that would allow the sponsor to refinance the existing debt, provide holdback dollars to complete the conversion of the ground floor retail to multifamily, and also pay off secondary financing obtained throughout the course of the project. MBP secured a 45-day close with no appraisal risk, over $1.5million of cash out, and utilization of third-party reports from a prominent family office.

MBP procured a fixed-rate loan with the rate scaling down and prepay opening up upon stabilization for a 76-unit multifamily portfolio acquisition in National City, CA.
 

AMORTIZATION: 30 YEARS (3 YEARS INTEREST-ONLY)

MBP procured a fixed-rate loan with the rate scaling down and prepay opening up upon stabilization for a 76-unit multifamily portfolio acquisition in National City, CA. This debt structure was placed to ensure that once the business plan is executed, the project will have a lower interest rate than what is expected in the coming months. 

MBP procured a 5-year interest-only, balance sheet loan that runs co-terminus with the lease for a single tenant Dick’s Sporting Goods acquisition in Topeka, KS.

MBP closed on a single tenant Dick’s Sporting Goods acquisition in Topeka, KS. Our repeat borrower was prioritizing cashflow, so we procured a 5-year interest-only, balance sheet loan that runs co-terminus with the lease with an extension option to give our borrower maximum flexibility upon lease maturity. 

MBP closed on a car wash construction loan in Compton, CA of a unique owner-operated business. This is the first business the sponsors will have completed and run.

MBP closed on a car wash construction loan in Compton, CA for a repeat client. MBP secured a non-recourse lender that could push leverage on the construction of a unique owner-operated business. This is the first business the sponsors will have completed and run. MBP found and closed with a capital partner who was ultimately able to get comfortable with placing the debt based on the strength of the sponsors’ balance sheet, the credibility of the general contractor, and the longstanding experience of the operational partner involved in the transaction.

MBP procured a best-in-class solution with maximum proceeds and a historically low interest rate amidst new COVID restrictions for the construction of a student housing complex in the SDSU market of San Diego, CA.

MBP closed on a loan for the construction of a student housing complex in the SDSU market of San Diego, CA. MBP structured this deal with developer’s bottom line in mind and procured a best-in-class solution with maximum proceeds and a historically low interest rate amidst new COVID restrictions. This significantly increased the overall projected IRR and reduced the cash to close by 68%. MBP also structured the loan to have flexible prepay to ensure an effective exit for sponsorship.

MBP leveraged its capital relationships to procure a balance sheet loan with cash-out for the client for the refinancing of a class-A shopping center in Fremont, CA. 

MBP leveraged its capital relationships to procure a balance sheet loan with cash-out for the client for the refinancing of a class-A shopping center in Fremont, CA.  Our lender gave certainty of execution in the midst of a volatile interest rate environment, which provided our client a high degree of comfort during the closing process. This center is anchored with a great mix of national and regional credit tenants, as well as smaller local businesses. MBP focused on the experience of the Sponsor and creditworthiness of the tenant base, allowing our lender to get comfortable with a large amount of cash-out to our client.

MBP successfully structured the debt of a stabilized 62+ senior living affordable housing facility in Van Nuys, CA for a cash out refinance.

MBP structured the debt of a stabilized 62+ senior living affordable housing facility in Van Nuys, CA for a cash-out refinance. MBP was able to be proactive with our clients portfolio and structured an interest rate lock for 75+ days to account for rising interest rates in the current market for the multifamily asset. 

MBP structured both the debt and equity for this loan within a strict closing timeline for the acquisition of a student housing development in Denver, CO, and we were able to significantly increased the sponsors yield on the transaction.

MBP structured both the debt and equity for this loan within a strict closing timeline for the acquisition of a student housing development in Denver, CO. This transaction was the sponsors largest deal to date, and MBP utilized its close relationship with a newly formed fund to provide competitive JV equity terms that significantly increased the sponsors yield on the transaction. This transaction included credit enhancement to satisfy the lender’s net worth and liquidity covenants. Additionally, MBP added value by structuring the loan with a flexible prepay to ensure an effective exit for sponsorship.

MBP successfully financed the horizontal development of a 256 acre master planned, development project consisting of 288 single family lots situated in the heart of northern Colorado.

MBP successfully financed the horizontal development of a 256 acre master planned, development project consisting of 288 single family lots situated in the heart of northern Colorado. MBP provided several capital stack solutions for the project, including a solution in which the client was able to execute their business plan and develop all lots within an expected 12-month period of time. The sponsor signed contracts with three prominent home builders to develop on each of the finished lots.

MBP procured a quick-close, high-leverage, balance sheet solution in a tertiary market and executed the closing in under 30 days for a student housing acquisition in Mankato, MN.

MBP procured a quick-close, high-leverage, balance sheet solution in a tertiary market and executed the closing in under 30 days for a student housing acquisition in Mankato, MN. The sponsor brought in best-in-class management for diligence and discovered that starting Day 1, the asset should operate with an additional $400k in NOI efficiency. The loan helped provide leverage on the purchase price and paid for the deferred maintenance of the asset.

MBP provided a high-leverage loan, accompanied with an incredibly low rate and 36 months of interest-only for the acquisition of a 260-unit garden-style apartment complex in Sacramento, CA.

BP secured a loan for the acquisition of a 260-unit garden-style apartment complex, which will be reclassified into an affordable senior living community in Sacramento, CA. We provided the sponsor with a high-leverage loan, accompanied with an incredibly low rate and 36 months of interest-only. After extensive underwriting, MBP also concluded that the sponsor can cut expenses down by almost half of the current expense range on the property.

MBP obtained  competitive leverage and pricing for a multifamily acquisition bridge loan for a 171-unit property in Dallas, TX, which also included a renovation reserve to upgrade older units.

MBP secured a multifamily acquisition bridge loan for a 171-unit property in Dallas, TX. We obtained competitive leverage and pricing, allowing the borrower to increase their yield. The loan included a renovation reserve which will be used to upgrade older units, add property amenities, and improve the property's curb appeal.

MBP closed on a significantly challenging loan for a Senior Living Residence in Chula Vista, CA that underperformed throughout COVID and had a low appraisal. 

MBP closed on a significantly challenging loan for a Senior Living Residence in Chula Vista, CA. The asset underperformed throughout COVID and the appraisal came in low. MBP was able to overcome the hurdles by increasing the LTV without compromising the substantial cash out or three years of interest-only payments.

MBP procured a quick close (3 weeks) loan for a retail center in Highland, CA, which allowed the repeat borrower flexibility in taking out his maturing permanent loan and providing cash out to deploy capital.

MBP procured a quick close (3 weeks) loan for a repeat borrower for a retail center in Highland, CA. Our solution gave the borrower flexibility in taking out his maturing permanent loan as well as providing cash out to deploy the capital for further repositioning. The lender is a discretionary fund out of Los Angeles.

MBP secured a high-leverage, non-recourse solution for the acquisition and rehabilitation of a vacant multi-tenant medical office in Port Arthur, TX.

MBP closed on a loan for the acquisition and rehabilitation of a multi-tenant medical office in Port Arthur, TX. Although the asset is in a tertiary market and sat vacant for years, MBP was able to execute a high-leverage, non-recourse solution due to strength of sponsorship and the credit of the anchor tenant. The sponsors intend to perform light renovations, fill the vacancies, and fully stabilize the property prior to exiting.

MBP secured a construction loan for a condo conversion development in Brooklyn, NY by tailoring a commercial development into a residential loan program to achieve higher leverage with an effective price point.

GUARANTY: RECOURSE TO 51% OF THE BORROWING ENTITY

MBP secured a construction loan for a condo conversion development located in Brooklyn, NY. MBP tailored the commercial development into a residential loan program to achieve higher leverage with an effective price point. Additionally, MBP further reduced the committed interest rate by 75bps due to the strength of the transaction and expertise of the sponsorship.

MBP procured competitive pricing with an attractive limited recourse guaranty and two years of interest-only payments to facilitate closing on a CVS-anchored retail property located in Chicago, IL.

MBP facilitated a closing with a repeat borrower for an anchored retail property in Chicago, IL. The Sponsor exclusively sought out MBP due to creative capital solutions and certainty of execution. The MBP team procured competitive pricing with an attractive limited recourse guaranty for the Sponsor while proactively accounting for rising interest rate pressures. The MBP team was also able to obtain two years of interest-only payments for the Sponsor as well as the ability to draw down an additional $2.4 million in proceeds on an as-needed basis.

MBP assisted in securing a loan that had a 4-week close with a flexible, senior/mezzanine structure for the acquisition and rehabilitation of two large apartment complexes in Birmingham, AL.

MBP secured a loan for the acquisition and rehabilitation of two apartment complexes with a total of 289 units in Birmingham, AL. This was the borrowers’ first acquisition in this secondary market and MBP was able to execute a 4-week close with a flexible, senior/mezzanine structure in order to obtain competitive leverage and pricing. Even though the appraisal came in short, MBP and the lender were able to structure the transaction with the same proceeds to ensure smooth execution. The project’s stabilized debt yield didn’t meet typical lender constraints, so MBP received an exception based on the strength of the sponsorship and their business plan.

MBP assisted in providing 100% financing throughout the capital stack for the acquisition of a single tenant, NNN critical care medical facility to be constructed in Suwanee, GA.

MBP financed the acquisition of a single tenant, NNN critical care medical facility in Suwanee, GA. The sponsor negotiated a 20 year, NNN lease with a non-credit medical management company so they can construct a new critical care center. MBP assisted in providing 100% financing throughout the capital stack to secure this acquisition.

MBP refinanced this multifamily portfolio by using a meticulous and creative approach to facilitate a structure that satisfied existing obstacles as well as liquidity and net worth requirements. 

MBP was the third advisory firm to work the refinancing for this multifamily portfolio and took a meticulous and creative approach to facilitate a structure that satisfied existing obstacles as well as liquidity and net worth requirements resulting in a 12-month interest-only loan. 

MBP secured a bridge loan for an existing property in the Dallas–Fort Worth metroplex that is being converted into a new education and childcare facility.

MBP secured a bridge loan for an existing property in the Dallas–Fort Worth metroplex that is being converted into a new education and childcare facility. Sponsorship exclusively sought out MBP, and we were able to procure competitive leverage, pricing, and structure allowing borrower to increase their overall projected return.

MBP procured a high-leverage, non-recourse debt solution for the acquisition and renovation of 56-unit apartment complex in an up-and-coming sub market in Chattanooga, TN.

MBP competed with existing life insurance quotes to procure a high-leverage, non-recourse, debt solution for the acquisition and renovation of 56-unit apartment complex in an up-and-coming sub market in Chattanooga, TN. The inexperienced sellers mismanaged the asset, leaving some significant value-add potential with minimal budget. MBP secured competitive pricing and high proceeds from a flexible lender that was constrained by a higher loan to stabilized value than the market value.

MBP procured a cash out refinance bridge loan for a repeat borrower, so he could replenish some of the equity he invested, which resulted in additional hard cost funds, holdback funds for environmental testing, and nearly $2 million cash out.

Due to COVID-related circumstances, this heavy redevelopment was delayed significantly. MBP procured a cash out refinance bridge loan for a repeat borrower, so he could replenish some of the equity he invested throughout the course of the project. This was a construction takeout loan that provided some additional hard cost funds, holdback funds for environmental testing, and nearly $2 million of cash out.

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$25,000,000Oakland, CA

$62,000,000Santa Clara, CA

$30,500,000Kamuela, HI

$25,000,000Oakland, CA

$62,000,000Santa Clara, CA

$30,500,000Kamuela, HI

$25,000,000Oakland, CA