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Transaction Details


Bridge Loan Refinance


Boonton, NJ

  • LTC: 65%
  • LTV: 50%
  • Project Type: Multifamily 
  • Rate: SOFR + 400
  • Term: 24 Months
  • Guaranty: Non Recourse

Transaction Overview

MBP obtained a $12 million loan to lease up the building and bridge to permanent financing.  The Certificate of Occupancy was delivered in mid- July and by loan closing in early August, the property was 50%+ leased.  Due to the high quality product, lease up velocity, and MBP’s relationship with the lender, we were able to negotiate a non rate capped loan with flexible minimum interest and prepayment penalties. 

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

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Work with us to see what our talented team, vast network of debt and equity providers, and capital markets expertise can do for you.

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