Transaction Details

Max Benjamin Partners, Inc. (“MBP”) successfully arranged a $16 million bridge loan to refinance a mixed-use condominium development in the San Francisco Bay Area, secured by a 24-unit residential project with two ground-floor retail spaces. The financing was structured to retire the sponsor's existing construction loan while providing additional runway to execute the project's business plan and maximize value through the sale of individual condominium units.

At a time when bridge lenders remained highly selective and underwriting standards continued to tighten, MBP sourced a financing solution that recognized the full value of the property's retail component and eliminated the need for additional equity at closing. By understanding both the asset's fundamentals and the sponsor's long-term objectives, our team secured a flexible capital structure that aligned with the project's anticipated sellout strategy while preserving liquidity throughout the transition from construction to disposition.

Beyond arranging the financing, MBP served as a strategic advisor throughout the transaction, coordinating lender diligence, structuring the capital solution, and managing the execution process from initial underwriting through closing. The successful outcome reflects our ability to navigate complex refinancing scenarios and deliver customized capital solutions that position our clients for long-term success in an evolving lending environment.