Transaction Details
10 Single Family Homes
$3,301,662
Houston, TX
10 Single Family Homes
- Project Type: 10 Single Family Homes
- LTV: 65%
- LTC: 100%
- Term: 24 Months
- Guaranty: Recourse
Transaction Overview
Max Benjamin Partners, Inc. (“MBP”) was engaged by a repeat client to secure a high-leverage construction loan, thereby eliminating the need for additional equity investment in the project. However, challenges arose due to issues with the guarantor structure and the borrower’s FICO score, which created obstacles in establishing relationships with traditional banks and private lenders.
Leveraging a strong lender relationship, MBP successfully mitigated these concerns by demonstrating the borrower’s track record and the quality of the collateral. Additionally, an initial appraisal presented valuation challenges. MBP identified stronger comparable properties in the surrounding area, ultimately increasing the appraised value to achieve the desired loan amount.
Despite these hurdles, MBP remains committed to overcoming financing challenges and ensuring successful project funding for its clients. For any financing needs, please feel free to reach out. Since inception, MBP has procured over 4 billion in financing to complete all types of real estate transactions, regardless of complexity or size. We are consistently improving and expanding our capital market relationships and are dedicated to exceeding our client’s expectations through innovative solutions, technology, and outstanding work ethic.
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.