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Transaction Details


Residential Subdivision - Construction Loan


Edinburg, TX

  • LTC: 85%
  • LTV: 65%
  • Rate: 11.75% Floating
  • Term: 18 Months
  • Guaranty: Recourse

Transaction Overview

MBP is pleased to announce the successful financing of the Horizontal & Vertical Construction loan for a Residential Subdivision Project in Edinburg, TX. The loan will be utilized to complete the Horizontal Development for the entire site and complete the Vertical Construction of the first 16 4-Plexes, which make up Phase I for this project. This closing marks MBP’s fourth loan with the Sponsor in a year. We look forward to seeing this project come to life as it will bring much needed housing to the Rio Grande Valley.

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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