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Transaction Details


Lease-Up Bridge Loan


San Diego, CA

  • LTC: 90%
  • LTV: 58%
  • Project Type: Student Housing
  • Rate: Blended 8.42% Fixed
  • Term: 24 Months
  • Guaranty: Non Recourse

Transaction Overview

We are excited to announce the closing of another bridge loan in one of the top submarkets in the United States, San Diego State.  Coming out of the construction loan, the building was 100% leased and this bridge loan will be used to stabilize the property, gather operating statements, and achieve additional rent growth for the next school year prior to permanent financing.  This loan was our 7th loan for this borrowing group in the last 3 years and we are looking forward to the next, imminent close.

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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