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Building

Transaction Details

Land Acquisition & Development

$19,000,000

San Diego, CA

  • RATE: 10%
  • TERM: 24 MONTHS
  • LOAN-TO-COST: 82%
  • GUARANTY: NON-RECOURSE

Transaction Overview

The sponsor exclusively engaged MBP, seeking a maximum leverage, non-recourse solution to acquire the subject site and provide funds for the horizontal construction costs. MBP evaluated the project and sponsorship’s strong basis to structure an all-debt solution without any additional cash to close. This allowed sponsorship to retain the entirety of the project without additional equity or partners.

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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