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Building

Transaction Details

Buildings
Buildings

BFR Construction Loan

$96,754,795

Paso Robles, CA

  • LTC: 100% Full Capitalization
  • Rate: 10.25% Blended
  • Term: 2 + 1 
  • Guaranty: Limited Recourse

Transaction Overview

MBP secured financing for a 200+ Build for Rent Community in Central Valley. Despite the pull back of construction financing and the equity markets in the last 2 years, MBP was able to capitalize the full project due to its high desirability and strong sponsorship profile. This included imputed land value equity, leveraging the value added in the contract period, PACE, solar income, and creative resources to get this deal across the finish line. We look forward to tracking the progress and ensuring a highly successful project.

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

Let's get started.

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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