Transaction Details
Multifamily Perm Loan
$1,515,000
Los Angeles, CA
Multifamily Perm Loan
- Project Type: Multifamily Perm Loan
- LTV: 65%
- Rate: 6.05%
- Term: 5 Year Fixed w/ 5 Year Interest Only
- DCSR: 1.2x
Transaction Overview
Max Benjamin Partners, Inc. (“MBP”) is pleased to announce the successful closing of a $1.5 million permanent loan featuring a cash-out component on a fully stabilized multifamily property in Los Angeles, California. The sponsor sought to unlock trapped equity while maintaining strong loan terms, and MBP delivered a tailored solution that met those goals with precision.
MBP identified a lending partner willing to underwrite to a 1.20x debt service coverage ratio with a 30-year amortization, allowing for significantly higher proceeds compared to market alternatives. The five-year fixed-rate loan also included no origination fee and provided interest-only payments for the full term, enhancing cash flow and maximizing sponsor flexibility.
This transaction highlights MBP’s ability to deliver creative, borrower-friendly financing structures for stabilized multifamily assets. By leveraging strategic lender relationships and a deep understanding of capital markets, MBP continues to secure optimal terms that empower clients to grow their portfolios and redeploy equity efficiently.
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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