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Building

Transaction Details

Modular multyfamily construction

$25,000,000

Oakland, CA

Multifamily Construction - Senior Debt, JV Equity, & Credit Enhancement

  • Rate: 7.50%
  • Term: 20 months
  • Interest only: 30 months
  • Ltc: 92%
  • Guaranty: Recourse

Transaction Overview

MBP exclusively procured the construction financing for the first of two deals by the same sponsor in the Oakland, CA market - with financing of the second project following shortly thereafter. MBP structured a high loan-to-cost solution and was able to increase initial proceeds due to strength of the development, location, and business plan. The project will be built using a US-based steel modular provider, which is a strategy that has not yet been widely adopted by real estate construction lenders.

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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