Transaction Details
Cash Out STR
$5,100,000
Park City, UT
Cash Out STR
- Project Type: Cash Out STR
- LTV: 63%
- Interest Rate: 6.87%
- Amortization: 30 Years
- Term: 10/1
- Guaranty: Recourse
Transaction Overview
Max Benjamin Partners reached out to a borrower who was looking for a high cash out solution to help fund a partner buyout for a property. The borrower expressed his current frustrations with finding a lender who was comfortable with the collateral itself, as it operates as a short-term rental. That, coupled with his personal guarantorship strayed away many private lenders.
After analyzing the properties cash flow, MBP recognized the strength of the property, and was confident that a local regional bank would also see eye to eye. The team was able to find a regional bank that understood the market and demand for short term rentals in the area and accepted the weaker sponsorship as the operator history showed strong management.
MBP specializes in debt and equity placement for retail developments and construction loans throughout the nation. We pride ourselves on our unique and aggressive capital sources in the residential construction space and remain committed to structuring the most optimal and cost-effective solutions for our clients.
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.