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Transaction Details

Los Angeles, CA property
Los Angeles, CA property

Re-Entitlement, Water Rights

$3,500,000

Los Angeles, CA

Re-Entitlement, Water Rights

  • Project Type: Re-Entitlement, Water Rights
  • LTP: 77%
  • LTV: 50%
  • LTC: 60%
  • Rate: 13%
  • Term: 15 Months
  • Guaranty: Recourse

Transaction Overview

Max Benjamin Partners, Inc. (“MBP”) successfully arranged $3.5 million in financing for the acquisition and re-entitlement of 403 acres of raw land located in Los Angeles County, California. The acquisition included both the land and valuable water rights that were significantly undervalued in the purchase price, creating a compelling opportunity for value creation. Leveraging its deep capital relationships, MBP sourced a lender who recognized the true market potential of the property and provided the necessary leverage to allow the sponsor to execute their vision. The financing allowed the sponsor to acquire the land with optimal efficiency and begin the entitlement process immediately, positioning the project for significant appreciation.

The 403-acre property will be subdivided into 1,265 single-family home lots, with a strategic plan to sell a mix of paper lots and developed lots to regional and national homebuilders. By aligning the loan structure with the sponsor’s business plan, MBP created a financing solution that balanced risk and opportunity while maximizing return potential. This transaction highlights MBP’s expertise in structuring complex land acquisition and re-entitlement financings, especially those involving undervalued or overlooked assets such as water rights. Through creative structuring and lender alignment, MBP continues to deliver innovative capital solutions that empower developers to unlock hidden value and accelerate project execution.

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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