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Building

Transaction Details

Los Angeles, CA property
Los Angeles, CA property

Industrial Outdoor Storage

$4,515,000

Los Angeles, CA

Industrial Outdoor Storage

  • Project Type: Industrial Outdoor Storage
  • LTV: 54%
  • Rate: 10.5%
  • Term: 14 Months

Transaction Overview

MBP was engaged to arrange a high-leverage build-to-suit construction loan to capitalize the development of this project, supporting the borrower’s vision from the earliest stages of execution. The financing was structured to align with the project’s timeline and business plan, ensuring sufficient capital to advance construction while maintaining flexibility as key elements of the deal continued to take shape.

Despite the tenant lacking an investment-grade credit rating, MBP conducted a detailed underwriting of the tenant’s financials and operating performance, allowing us to secure an 83% loan-to-cost financing solution. The loan was delivered on a non-recourse basis and closed prior to the finalization of the general contractor contract, providing the borrower with critical early liquidity and the horsepower needed to fund remaining soft costs and maintain project momentum.

This closing reflects MBP’s ability to navigate complex credit profiles and execute creative, high-leverage capital solutions in time-sensitive situations. As the first transaction in a broader pipeline with the sponsor, we look forward to continuing the partnership and watching this project, and future developments, achieve long-term success.

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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