Transaction Details
Residential Subdivision
$19,999,538
Edinburg, TX
Residential Subdivision
- Project Type: Residential Subdivision
- Rate: 10.99%
- LTV: 65%
- LTC: 85%
- Term: 24 Months
- Guaranty: Recourse
Transaction Overview
Max Benjamin Partners, Inc. (“MBP”) successfully arranged approximately $20 million in construction financing for the vertical development of a 172-unit, four-plex residential community in Edinburg, Texas. Following the successful completion of the horizontal development phase earlier in 2024, MBP leveraged 100 percent of the value created during that phase to structure a zero cash-to-close solution for the sponsor. This creative and highly efficient structure allowed the borrower to seamlessly transition into vertical construction without additional capital requirements, ensuring continued project momentum and financial optimization.
The transaction moved efficiently from term sheet to close, supported by the sponsor’s strong performance history and proven ability to execute similar residential projects across the region. Located in the rapidly expanding Rio Grande Valley, the community will deliver much-needed affordable, entry-level housing to meet the area’s accelerating population growth. This deal exemplifies MBP’s expertise in structuring high-leverage, value-driven financing that empowers developers to execute with confidence while addressing critical housing needs in high-growth markets.
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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