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Transaction Details

SFR Development Loan


Duson, Louisiana

  • Loan Amount: $12,147,000
  • LTC: 75%
  • Project Type: SFR Development

Transaction Overview

StackSource recently arranged financing for the new development of a 97-unit single-family rental, build-to-rent, community located in Duson, Louisiana. Each unit will be approximately 1200 SF. This new community will meet the high demands within the Lafayette Metropolitan Service area for quality and affordable BTR housing. Capital Advisor Freddy Johnson secured the deal for the experienced borrowers with a spread over SOFR, 75% LTC, and was able to include and capitalize many of the soft costs including a rate cap and interest reserves in the budget.

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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