Skip to main contentSkip to footer
Building

Transaction Details

Debt Placement, Acquisition & Renovation

$10,340,000

Beachwood, OH

  • DEBT: $10,340,000
  • LTC: 74%
  • INTEREST ONLY: 30 MONTHS
  • LTC: 51%
  • GUARANTY: NON-RECOURSETIME
  • FRAME: 21 DAYS

Transaction Overview

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 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.

Intermediaries Team

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.

Contact us