MULTIFAMILY BRIDGE-TO-BRIDGE FINANCING
San Diego, CA
- RATE: L + 7.7%
- TERM: 15 MONTHS
- LTV: 75%
- GUARANTY: NON-RECOURSE
MBP found a flexible lending solution for the asset that would allow the sponsor to refinance the existing debt, provide holdback dollars to complete the conversion of the ground floor retail to multifamily, and also pay off secondary financing obtained throughout the course of the project. MBP secured a 45-day close with no appraisal risk, over $1.5million of cash out, and utilization of 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.