- RATE: S + 750 (S + 685 UPON COFO)
- TERM: 24 MONTHS - INTEREST-ONLY
- LTC: 90%
- GUARANTY: NON-RECOURSE
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.
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.
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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.