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Building

Transaction Details

Houses
Houses

Residential Subdivision - Vertical Construction Loan

$10,500,000

Mission, TX

  • LTC: 85%
  • LTV: 65%
  • Term: 18 Months
  • Guaranty: Recourse

Transaction Overview

MBP successfully secured financing for the vertical construction of a residential subdivision project in Mission, TX. We procured the original loan for the horizontal component in January 2023. Upon completion of the horizontal work, MBP was re-engaged to finance the vertical construction. We successfully secured a lender that gave full credit for the equity created in the land, allowing our client to pay off the horizontal loan and capitalize the construction costs while bringing $0 additional cash to the closing table.

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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