STUDENT HOUSING CONSTRUCTION
$15,884,000San Diego, CA
- RATE: 5%
- TERM: 2 YEARS
- LTC: 85%
- GUARANTY: RECOURSE
MBP closed on a loan for the construction of a student housing complex in the SDSU market of San Diego, CA. MBP structured this deal with developer’s bottom line in mind and procured a best-in-class solution with maximum proceeds and a historically low interest rate amidst new COVID restrictions. This significantly increased the overall projected IRR and reduced the cash to close by 68%. MBP also structured the loan to have flexible prepay to ensure an effective exit for sponsorship.
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.
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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.