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Building

Transaction Details

MULTIFAMILY BRIDGE ACQUISITION

$16,000,000

Sacramento, CA

  • RATE: L+275
  • TERM: 3 YEAR WITH EXTENSIONS
  • LTC: 80%
  • INTEREST-ONLY
  • POINTS: 1.5%
  • GUARANTY: RECOURSE
  • PREPAYMENT: NO PREPAY

Transaction Overview

BP secured a loan for the acquisition of a 260-unit garden-style apartment complex, which will be reclassified into an affordable senior living community in Sacramento, CA. We provided the sponsor with a high-leverage loan, accompanied with an incredibly low rate and 36 months of interest-only. After extensive underwriting, MBP also concluded that the sponsor can cut expenses down by almost half of the current expense range on the property.

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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