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Building

Transaction Details

Lafayette, CA property
Lafayette, CA property

SF Residential

$3,500,000

Lafayette, CA

SF Residential

  • Project Type: SF Residential
  • LTC: 89%
  • LTV: 64%
  • Rate: 8.75%
  • Term: 18 Months

Transaction Overview

MBP successfully arranged construction financing for the completion of a luxury single-family residence with a detached ADU in Lafayette, California. The experienced local sponsor sought a tailored capital solution to refinance existing debt, fund the remaining construction budget, and efficiently advance the mid-construction project through completion.

MBP structured a highly efficient, zero-cash-to-close execution that reimbursed eligible project costs incurred to date and included a fully funded interest reserve. The financing allowed the sponsor to recapture a portion of the equity already invested in the project, preserve liquidity for future opportunities, and maintain uninterrupted construction progress without contributing additional capital at closing.

The transaction underscores MBP’s ability to navigate complex, in-progress construction assignments and deliver creative, high-leverage financing solutions tailored to experienced residential developers. By aligning the capital structure with the sponsor’s business objectives and the project’s remaining needs, MBP positioned the development for a streamlined path to completion. Financing was arranged by Sam Axner and Herschey Liss.

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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