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Building

Transaction Details

Retail Center Refinance

$6,600,000

Chandler, AZ

  • RATE: 4% FIXED
  • TERM: 7 YEARS
  • INTEREST ONLY: 3 YEARS
  • AMORTIZATION: 25 YEARS (STARTS YEAR 4)
  • LTV: 60%
  • RECOURSE: FULL GUARANTY

Transaction Overview

MBP closed on a loan for a multi-tenant retail center in Arizona. The sponsor had owned and operated the bustling asset for more than four years featuring tenants in the medical, fitness, and restaurant space. The anchor tenant is the largest employer in the state of Arizona and services the debt by itself, giving MBP the tools to leverage the investment-grade credit and mitigating any concerns with the gym and restaurant tenancy. The sponsor requested two years of interest-only financing, and MBP was able to procure a three-year interest-only solution while achieving a last-minute rate reduction to help maximize cash flow.

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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