Transaction Details
Residential Subdivision
$9,936,100
Austin, TX
Residential Subdivision
- Project Type: Residential Subdivision
- LTV: 67.5%
- LTC: 85%
- Rate: 10.49%
- Term: 24 Months
- Guaranty: Recourse
Transaction Overview
Max Benjamin Partners, Inc. (“MBP”) successfully arranged $9.94 million in financing for the horizontal development and vertical construction of a 16-lot residential subdivision in Austin, Texas. The loan proceeds will be used to repay the existing land acquisition financing, complete all horizontal infrastructure, and fund the vertical construction of the first three homes as part of Phase I. Strategically located in one of Austin’s fastest-growing residential corridors, the project will deliver new single-family homes that cater to the region’s sustained population and housing demand.
The sponsor, a seasoned local developer with an established track record in the area, has successfully completed multiple nearby subdivisions and brings deep market knowledge and operational expertise to this project. In addition to their experience, the sponsor has already secured pre-sale agreements for six finished lots with local homebuilders, providing built-in cash flow and significant risk mitigation during the construction period. These strong fundamentals and forward commitments helped the lender get comfortable with a customized loan structure tailored to the project’s timeline and economics.
MBP’s ability to negotiate a high-leverage, capital-efficient facility enabled the sponsor to move forward with minimal additional equity contribution, allowing them to retain liquidity for future phases. This transaction reflects MBP’s continued success in arranging creative and flexible financing for residential developers across Texas and beyond—helping clients unlock value, accelerate development schedules, and scale their portfolios efficiently.
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.