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Transaction Details

28-Unit Multifamily Development


Los Altos, California

  • Loan Amount: $6,500,000
  • LTC: 70%
  • Project Type: Multifamily Development

Transaction Overview

StackSource recently arranged financing for a piece of land that will in turn become a new 28-unit condominium development in Los Altos, California. The property is in the heart of Silicon Valley and will cater to the large demand for housing for technology workers at large firms in the area. The property will exude modern luxury with a larger rooftop, gym and installed solar panels along with EV chargers. StackSource secured the deal with terms of a 70% LTC and full-term interest only for the local borrower.

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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