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Building

Transaction Details

Encinitas, CA property
Encinitas, CA property

3 Single Family Homes

$9,247,500

Encinitas, CA

3 Single Family Homes

  • Project Type: 3 Single Family Homes
  • LTV: 70%
  • LTC: 90%
  • Rate: 9.975%
  • Term: 12 Months
  • Guaranty: Recourse

Transaction Overview

MBP is proud to announce the successful closing of a $9,247,500 construction loan for the vertical development of three luxury homes in Encinitas, California. This premier coastal market continues to see strong demand, and our repeat client—an experienced sponsor with a proven track record—was seeking efficient, high-leverage financing to bring their vision to life.

MBP structured a competitive financing package that covered 70% of the finished lot acquisition and 100% of the construction costs, maximizing leverage while minimizing upfront equity requirements. By leveraging our deep capital relationships and deal expertise, we were able to source terms that aligned with the project timeline and the sponsor’s business plan, resulting in loan proceeds of 90%+ of the total project costs.

We’re thrilled to support the development of high-quality residential products in one of Southern California’s most desirable submarkets and look forward to seeing these homes come to market.

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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Work with us to see what our talented team, vast network of debt and equity providers, and capital markets expertise can do for you.

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