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Building

Transaction Details

SFR Construction Loan

$30,500,000

Kamuela, HI

SFR - Construction

  • Rate: 8%
  • Term: 18 months with extensions
  • Interest only
  • Origination: 2 points
  • Ltc: 82%
  • Guaranty: Non-recourse

Transaction Overview

MBP closed on a loan for a luxury SFR development on the Big Island of Hawaii. Sponsorship is one of the most active developers in Hawaii and plans to build over 100M of luxury SFR homes over three years. MBP delivered a high-leverage, non-recourse solution that allowed the sponsorship to capture the imputed value of their land purchase and provide financing for the full $100M development without the need for any equity brought to closing. The loan is a pseudo-revolver that refreshes every 18 months contingent on hitting various hurdles.

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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