Transaction Details
Build-for-Sale Triplex
$1,680,000
El Segundo, CA
Build-for-Sale Triplex
- Project Type: Build-for-Sale Triplex
- Leverage: 80% LTV
- Rate: 7.99%
- Term: 18 Months
- Guaranty: Recourse
Transaction Overview
Max Benjamin Partners (MBP) structured and arranged an 18-month bridge loan to support the acquisition and redevolepment of a triplex in El Segundo, California, slated for conversion into a high-end build-for-sale townhome community. The Borrower was operating under a tight purchase agreement set to expire within weeks, requiring a fast-tracked financing solution and seamless coordination between all parties. Within 24 hours of engagement, MBP leveraged its lender relationships to source competitive loan terms and initiate due diligence immediately. Despite the compressed timeline, the transaction moved from engagement to closing in under three weeks, underscoring MBP's ability to deliver certainty of execution under pressure.
The bridge facility was structured at 80% loan-to-cost, featuring a 7.99% interest rate and 1% origination, striking an optimal balance between leverage, pricing, and flexibility. The 18-month term provides the borrower with the runway to secure entitlements, complete architectural and civil plans, and position the site for vertical development or disposition. By combining speed with disciplined underwriting, MBP delivered a financing structure that not only preserved the project's economics, but also strategically positioned the Sponsor for long-term success in one of Los Angeles County's most supply-constrained coastal submarkets.
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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