Revolving Line of Credit
$2,200,000San Diego, CA
- RATE: WSJ PRIME + 75BPS
- TERM: 5 YEARS FIXED
- INTEREST ONLY: 30 MONTHS
- LEVERAGE: 60% LTV
- GUARANTY: NON-RECOURSE
The sponsor engaged MBP to find a flexible lending solution that would allow them to refinance the existing debt and provide holdback dollars to complete the conversion of a ground-floor retail space to a multifamily space. MBP secured a 45-day close, with no appraisal risk and past third-party reports from a prominent family office.
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.
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.