MULTIFAMILY BRIDGE ACQUISITION
$14,500,000National City, CA
- RATE: 6.5% FIXED
- TERM: 5 YEARS
- LTC: 72.5%
- INTEREST UPON STABILIZATION: 6.25%
- AMORTIZATION: 30 YEARS (3 YEARS INTEREST-ONLY)
MBP procured a fixed-rate loan with the rate scaling down and prepay opening up upon stabilization for a 76-unit multifamily portfolio acquisition in National City, CA. This debt structure was placed to ensure that once the business plan is executed, the project will have a lower interest rate than what is expected in the coming months.
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.
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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.