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Building

Transaction Details

Construction
Construction

Multifamily Ground-Up Construction

$4,800,000

San Francisco, CA

  • LTC: 80%
  • Project Type: Multifamily BFR 
  • Rate: WSJ + 1.00%
  • Term: 24 Months
  • Amortization: 30 Years

Transaction Overview

MBP is pleased to announce the closing of a ground-up construction of an 18-unit, for rent apartment complex in the heart of San Francisco. MBP was able to secure a $4.8M debt placement with a competitive local community bank. The borrower has owned this property for over 10 years and spent 3 years entitling the project. Although there was lack of recent development experience within the sponsorship profile, MBP structured a solution for sponsorship to wholly own the development while leveraging imputed value in the land to reduce cash to 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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