Transaction Details
Multifamily
$8,000,000
Los Angeles, CA
Multifamily
- Project Type: Multifamily
- LTV: 71.4%
- LTP: 66%
- Rate: Prime + 2%
- Term: 18 Months
Transaction Overview
Max Benjamin Partners, Inc. is pleased to have arranged financing for the newly constructed lease-up of a 22-unit multifamily property in Los Angeles' West Adams neighborhood.
The $8.0M lease-up bridge loan was structured to allow the sponsor to retire existing construction debt while preserving capital to complete final construction and execute on the lease-up strategy. By aligning the financing with the project's timeline, we provided the borrower with the flexibility and runway needed to stabilize the asset and maximize value during a critical phase of the business plan.
This transaction reflects MBP's ability to deliver tailored capital solutions for transitional assets, particularly in supply-constrained, high-demand submarkets like West Adams.
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.