Transaction Details
For Sale Condo
$3,998,400
Alton, TX
For Sale Condo
- Rate: 10.5%
- Loan-To-Value: 70%
- Project Type: For Sale Condo
- Term: 24 Months
- Guaranty: Recourse
Transaction Overview
Max Benjamin Partners, Inc. (“MBP”) has secured financing for a 4-plex subdivision project in Alton, TX, through a condo inventory loan. This loan serves to pay off the existing construction loan & provide the Sponsor with the time and flexibility needed to execute their sales strategy, which includes both traditional sales and a rent-to-own option. This is the first in a series of loans that will help recapitalize the units as they are completed, while also continuing to pay down the construction loan as the final units are finished.
MBP specializes in debt and equity placement for residential developments and construction loans throughout the nation. We pride ourselves on our unique and aggressive capital sources in the residential construction space and remain committed to structuring the most optimal and cost-effective solutions for our clients.
MBP specializes in debt and equity placement for all asset classes. Our extensive network of unique capital sources in development and permanent financing and extensive capital markets knowledge allows us to tackle a wide variety of transactions, regardless of complexity or size, to benefit our clients.
MBP has a team of dedicated and experienced finance professionals with you at every step. We are consistently improving and expanding our capital market relationships and are committed to exceeding our client's expectations through these relationships, innovative solutions, and outstanding work ethic.
Let's get started.
Work with us to see what our talented team, vast network of debt and equity providers, and capital markets expertise can do for you.