Transaction Details
Build-to-Suit Retail
$1,900,000
Joliet, IL
Build-to-Suit Retail
- Project Type: Build-to-Suit Retail
- LTV: 75%
- LTC: 90%
- Term: 15 Month w/ 6 Month Extension
- Guaranty: Non-Recourse
Transaction Overview
Max Benjamin Partners successfully arranged $1.9 million in construction financing for a build-to-suit Chipotle in Joliet, Illinois, marking the first retail pad of an expansive mixed-use master development that will include retail, casino, multifamily, and industrial components. This transaction represents a milestone for the developer and sets the foundation for future vertical phases within the broader project.
By leveraging MBP’s extensive capital relationships, the team created a highly competitive market environment that produced aggressive loan terms and minimal equity requirements for the borrower. The financing closed with a 75% LTV, 90% LTC, and a 15-month term with a six-month extension, structured on a non-recourse basis, underscoring MBP’s ability to deliver institutional-quality executions for clients at every stage of the development lifecycle.
This transaction also marks the beginning of a strong new partnership with a first-time institutional client who selected MBP for its precision, transparency, and advocacy throughout the process. MBP's collaboration ensured a seamless closing and a strategic outcome aligned with the client’s long-term development vision.
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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