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Building

Transaction Details

STUDENT HOUSING ACQUISITION

$43,400,000

Denver, CO

  • RATE: L+340 (0 LIBOR FLOOR)
  • TERM: 36 MONTHS
  • LTV: 72.5%
  • LTP: 80%
  • GUARANTY: NON-RECOURSE
  • EQUITY: 93% LP -7% GP

Transaction Overview

MBP structured both the debt and equity for this loan within a strict closing timeline for the acquisition of a student housing development in Denver, CO. This transaction was the sponsors largest deal to date, and MBP utilized its close relationship with a newly formed fund to provide competitive JV equity terms that significantly increased the sponsors yield on the transaction. This transaction included credit enhancement to satisfy the lender’s net worth and liquidity covenants. Additionally, MBP added value by structuring the loan with a flexible prepay to ensure an effective exit for 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.

Intermediaries Team

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