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Building

Transaction Details

Multi-Tenant Retail Value-Add

$42,000,000

San Jose, CA

  • 4 DEEDS OF TRUST
  • LOAN-TO-COST: 100%
  • LOAN-TO-VALUE: 70%
  • BLENDED RATE: ~9%
  • TERM: 24 MONTHS - INTEREST ONLY
  • GUARANTY: NON-RECOURSE

Transaction Overview

MBP was engaged exclusively with a repeat client to secure a lender that could deliver maximum proceeds based on the strength of the market and future lease rates (rather than in-place cashflows). To achieve this task, MBP structured a mezzanine debt piece behind what was already a high-leverage senior debt placement. MBP closed four separate deeds of trust on three assets and secured 100% of the capital costs required for the acquisition and holdback on the transaction.

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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