- RATE: 5.6%
- TERM: 5-YEAR FIXED LOAN; 2-YEAR IO
- LTV: 45%
- LENDER POINTS: 0.25%
- GUARANTY: LIMITED
- AMORTIZATION: 25 YEARS
- PREPAYMENT PENALTY: 3, 1, 1, 0, 0
MBP facilitated a closing with a repeat borrower for an anchored retail property in Chicago, IL. The Sponsor exclusively sought out MBP due to creative capital solutions and certainty of execution. The MBP team procured competitive pricing with an attractive limited recourse guaranty for the Sponsor while proactively accounting for rising interest rate pressures. The MBP team was also able to obtain two years of interest-only payments for the Sponsor as well as the ability to draw down an additional $2.4 million in proceeds on an as-needed basis.
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.