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Transaction Details

Los Angeles, CA hillside luxury residential subdivision site
Los Angeles, CA hillside luxury residential subdivision site

Luxury Residential Subdivision

$15,925,000

Los Angeles, CA

Luxury Residential Subdivision

  • Project Type: Luxury Residential Subdivision
  • LTC: 66%
  • LTV: 60%
  • Term: 12 Months
  • Rate: SOFR + 575
  • Guaranty: Limited Recourse

Transaction Overview

Max Benjamin Partners arranged financing for a 17-lot luxury residential subdivision in Woodland Hills, Los Angeles. The site was assembled and entitled over nearly a decade by an experienced regional homebuilder before being contributed into a newly formed joint venture with a second builder to advance the project into horizontal construction.

MBP structured a senior acquisition and development facility that allowed the sponsors to acquire the property within the new JV and fund the horizontal improvements through a single financing.

In a market where horizontal land development financing has grown increasingly selective, the transaction closed with no presales, no forward commitment to a national builder, and limited recourse to the sponsors. The structure preserves the sponsors' flexibility to either build out the homes themselves or monetize the project through finished-lot sales.

The closing reflects continued demand from experienced sponsorship teams for creative capital solutions that bridge entitlement and vertical development.

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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