- RATE: 8.5%
- TERM: 2 YEARS
- LTC: 80%
- LTV: <75%
- GUARANTY: RECOURSE TO 51% OF THE BORROWING ENTITY
MBP secured a construction loan for a condo conversion development located in Brooklyn, NY. MBP tailored the commercial development into a residential loan program to achieve higher leverage with an effective price point. Additionally, MBP further reduced the committed interest rate by 75bps due to the strength of the transaction and expertise of the sponsorship.
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.