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Building

Transaction Details

STUDENT HOUSING ACQUISITION

$42,700,000

Mankato, MN

  • RATE: L+500
  • TERM: 24 MONTHS
  • LTC: 79%
  • CLOSE PERIOD: LESS THAN 30 DAYS
  • GUARANTY: NON-RECOURSE
  • MARKET: TERTIARY

Transaction Overview

MBP procured a quick-close, high-leverage, balance sheet solution in a tertiary market and executed the closing in under 30 days for a student housing acquisition in Mankato, MN. The sponsor brought in best-in-class management for diligence and discovered that starting Day 1, the asset should operate with an additional $400k in NOI efficiency. The loan helped provide leverage on the purchase price and paid for the deferred maintenance of the asset.

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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