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Building

Transaction Details

Los Angeles, CA property
Los Angeles, CA property

15-Unit Condos

$18,300,000

Los Angeles, CA

15-Unit Condos

  • Project Type: 15-Unit Condos
  • LTV: 70%
  • Rate: 9.37%
  • Term: 12 Months

Transaction Overview

MBP is proud to announce the successful closing of a $15.9 million bridge loan for a repeat sponsor, marking our sixth completed transaction together. The financing supported a newly constructed 15-unit condominium project in the heart of West Los Angeles, one of the region’s most competitive and supply-constrained submarkets.

With construction recently completed, the sponsors faced an approaching loan maturity and sought to refinance into a lower cost of capital while positioning the asset for unit sales. MBP structured and delivered a cash-neutral refinance ahead of the issuance of the Certificate of Occupancy, providing the sponsors with critical runway to execute their sales strategy without disruption.

Ideally located near UCLA, Brentwood, and Century City, the project brings much-needed housing to a highly desirable West Los Angeles neighborhood, benefiting from strong buyer demand and exceptional connectivity. This closing underscores MBP’s ability to execute complex, time-sensitive financings and reflects the trust built through a longstanding relationship with the sponsor. We are pleased to continue supporting our client’s growth and success across multiple transactions.

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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