Transaction Details
41 Condo Units
$13,660,000
San Jose, CA
41 Condo Units
- Project Type: 41 Condo Units
- LTV: 75%
- LTC: 90%
- Rate: 10%
- Term: 18 Months
- Guaranty: Recourse
Transaction Overview
Max Benjamin Partners, Inc. (“MBP”) is proud to announce the successful closing of $13.6 million in construction financing of 41 condominium units in San Jose, California. MBP was brought into this project at a pivotal time, just as the sponsor prepared to advance the next phase of a growing San Jose community. With Phase I already establishing momentum, the sponsor sought a financing partner who understood the nuances of infill development and could help structure capital in a way that supported both liquidity and speed. Their local presence and longstanding commitment to the neighborhood made this a project worth championing.
By taking a hands-on approach and leveraging our lender relationships, MBP crafted a structure that met the sponsor’s timeline and strengthened the financial efficiency of the development. The result allowed the sponsor to break ground on the next 20 units with clarity and confidence. We're proud to stand behind a builder who is contributing meaningful housing supply to the Bay Area and look forward to supporting their continued pipeline of projects.
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
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.