MULTI-TENANT MEDICAL RETAIL BRIDGE
$3,900,000Port Arthur, TX
- RATE: WSJ PRIME + 5%
- TERM: 2 YEARS
- LTC: 70%
- GUARANTY: NON-RECOURSE
MBP closed on a loan for the acquisition and rehabilitation of a multi-tenant medical office in Port Arthur, TX. Although the asset is in a tertiary market and sat vacant for years, MBP was able to execute a high-leverage, non-recourse solution due to strength of sponsorship and the credit of the anchor tenant. The sponsors intend to perform light renovations, fill the vacancies, and fully stabilize the property prior to exiting.
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.