Transaction Details
13 Single-Family Homes
$10,450,000
Kent, WA
13 Single-Family Homes
- Project Type: 13 Single-Family Homes
- LTV: 70%
- LTC: 90%
- Rate: 9.55%
- Term: 18 Months
- Guaranty: Non-Recourse
Transaction Overview
MBP successfully arranged a vertical construction loan to refinance an existing horizontal development facility for a 13-unit single-family home project in Kent, Washington. The borrower, an experienced regional developer, engaged MBP to source a lender capable of executing quickly while improving terms over their original financing structure.
Leveraging strong capital relationships, MBP negotiated favorable pricing and a non-recourse structure, a rare combination for projects of this scale, while reducing the borrower’s interest rate and improving overall leverage. The final loan was structured at 70% LTV and 90% LTC, featuring an 18-month term.
This transaction showcases MBP’s ability to deliver tailored, relationship-driven capital solutions that enhance project economics and support clients through every stage of development. By combining creative structuring with strategic lender alignment, MBP helped position the sponsor for a successful construction phase and profitable exit upon completion.
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
Let's get started.
Work with us to see what our talented team, vast network of debt and equity providers, and capital markets expertise can do for you.