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Building

Transaction Details

Greenville, SC property
Greenville, SC property

44 Luxury Townhomes

$56,500,000

Greenville, SC

44 Luxury Townhomes

  • Project Type: 44 Luxury Townhomes
  • LTV: 60%
  • LTC: 90%
  • Rate: 10.56%
  • Term: 2 Years + 1 Year Extension Option
  • Guaranty: Non-Recourse

Transaction Overview

Max Benjamin Partners, Inc. (“MBP”) is proud to announce the successful arrangement of $56.5 million in horizontal and vertical construction financing for a 44-unit luxury townhome development in Greenville, South Carolina. This transformative project will bring high-end, design-focused residences to one of the Southeast’s fastest-growing and most dynamic submarkets. The financing structure combined a senior stretch construction loan with subordinate seller financing, resulting in a zero cash-to-close execution, a rare achievement that underscores MBP’s ability to optimize capital efficiency while aligning with the sponsor’s business plan and timeline.

The sponsor, a local developer with strong market knowledge but limited institutional experience, had previously faced challenges securing financing due to loan size, leverage requirements, and partial project completion. MBP overcame these barriers through a strategic restructuring of the capital stack and by sourcing a lender willing to advance funds with minimal completed units. This collaborative approach enabled the transaction to close without additional sponsor equity, demonstrating MBP’s ability to pair complex deal structures with lenders capable of executing beyond conventional underwriting parameters.

This transaction exemplifies MBP’s strength in crafting creative, high-leverage financing solutions for sponsors navigating nuanced capital challenges. By combining deep lender relationships, disciplined underwriting, and an entrepreneurial approach, MBP delivered a structure that maximized proceeds, preserved liquidity, and positioned the sponsor for long-term success. The project represents another example of MBP’s commitment to helping developers unlock value, execute at scale, and bring exceptional residential communities to life 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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