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Building

Transaction Details

Fort Walton Beach, FL property
Fort Walton Beach, FL property

33 Flex Industrial Units

$1,750,000

Fort Walton Beach, FL

33 Flex Industrial Units

  • Project Type: 33 Flex Industrial Units
  • LTV: 75%
  • Rate: 6.5%
  • Interest Only: 12 Months
  • Term: 5/1 ARM
  • Prepayment: 3/2/1
  • Guaranty: Recourse

Transaction Overview

MBP initiated contact with an active real estate investor primarily focused on the multifamily sector. During the conversation, the borrower expressed interest in exploring opportunities in Florida and inquired about recent successful transactions in the area. Leveraging MBP’s extensive borrower network, we introduced him to a prior client specializing in industrial and flex properties. That client shared valuable insights on returns, market dynamics, and recommended both target submarkets and experienced property managers.

After some time, the borrower identified an industrial asset that met the criteria discussed. He subsequently engaged MBP to arrange the financing. MBP connected the borrower with a local bank that believed in the business plan and shared a positive outlook on the asset class and location.

Through careful negotiation, MBP secured favorable terms for the borrower, including a 12-month interest only period to support early cash flow, a reduction in prepayment penalty from a five year to a three-year step down, and a 25-basis point rate reduction. MBP was proud to help this client successfully transition into a new asset class while connecting them with the right partners and lenders. This transaction exemplifies MBP’s relationship-driven approach and ability to deliver tailored financing solutions at every stage of the lending process.

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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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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