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Building

Transaction Details

Class A Retail Refinance

$20,700,000

Malibu, CA

  • Rate: 4.25%
  • Term: 7 Year fixed - Rate Adjusts Once in Year 8 to 10 YR TR + 2.50%
  • Lender Points: 0.0%
  • LTV: 50%
  • Guaranty: Recourse
  • Non-Recourse in Years 6 - 10
  • Amortization: 25 Years
  • Prepayment Penalty: None

Transaction Overview

MBP closed refinancing for a high-end retail property in Malibu, CA. with the pressures of a highly uncertain macroeconomic environment. The Sponsor exclusively sought out MBP due to our creative capital solutions and certainty of execution. MBP procured highly competitive pricing for the borrowers locking in the rate for six months, allowing the Sponsor to wait for the yield maintenance period of their existing loan to burn off in December.

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.

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