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Building

Transaction Details

Paso Robles, CA property
Paso Robles, CA property

112 Single Family Homes

$116,200,000

Paso Robles, CA

112 Single Family Homes

  • Rate: 9.70% Blended
  • Leverage: 79% LTV; 100% LTC
  • Project Type: 112 Single Family Homes
  • Term: 2 Years With 1 Year Extension

Transaction Overview

Max Benjamin Partners, Inc. (“MBP”) successfully arranged $116.2 million in construction financing for the horizontal and vertical development of a 224-unit residential project in Paso Robles, California. The loan refinanced the existing acquisition facility, facilitated the buyout of previous partners, and fully capitalized the remaining project scope, including site infrastructure and vertical construction of the homes. Strategically located within one of California’s fastest-growing Central Coast communities, the development will deliver high-quality housing that meets the region’s rising demand for attainable, design-driven living.

The non-recourse financing achieved 100 percent actual loan-to-cost by leveraging a significant land lift created through a density increase tied to accessory dwelling units approved during the entitlement phase. To ensure a successful execution, MBP sourced and structured a credit enhancement partnership that satisfied lender requirements while bringing additional operational and financial strength to the project. This transaction exemplifies MBP’s ability to deliver complex, high-leverage capital solutions through creative structuring, strong lender relationships, and hands-on execution across large-scale residential developments.

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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