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Building

Transaction Details

MULTIFAMILY CASH-OUT REFINANCE

$5,500,000

Chula Vista, CA

  • RATE: 3.5% FIXED FOR 5 YEARS
  • TERM: 10 YEARS
  • LTV: 60%
  • INTEREST-ONLY: 36 MONTHS
  • AMORTIZATION: 30 YEARS
  • GUARANTY: RECOURSE

Transaction Overview

MBP closed on a significantly challenging loan for a Senior Living Residence in Chula Vista, CA. The asset underperformed throughout COVID and the appraisal came in low. MBP was able to overcome the hurdles by increasing the LTV without compromising the substantial cash out or three years of interest-only payments.

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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