Transaction Details
Retail/Car Dealership
$2,000,000
Modesto, CA
Retail/Car Dealership
- Project Type: Retail/Car Dealership
- LTV: 50%; Cash-out Refinancing
- Term: 10 Years
- Rate: 5.57%; 2 Years I/O
- Guaranty: Recourse
Transaction Overview
MBP is pleased to share the successful financing of a retail asset in Modesto, CA. Assets with non-traditional characteristics often require more than a conventional lending approach. In this case, the property was leased to CarMax for overflow parking and storage rather than traditional dealership operations. While the tenant's credit profile provided a strong foundation, the property's unique use required thoughtful lender education and strategic positioning to ensure the asset was properly understood and valued throughout the financing process.
By highlighting the strength of the tenant, the property's strategic role, and the underlying real estate fundamentals, MBP was able to secure a cash-out refinance that delivered meaningful proceeds while maintaining favorable rate and term execution despite market volatility. Transactions like this demonstrate MBP's ability to create liquidity and financing certainty for assets that require a deeper understanding of both the real estate and the business behind it.
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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