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Building

Transaction Details

San Jose, CA property
San Jose, CA property

21 Unit Condos

$15,300,000

San Jose, CA

21 Unit Condos

  • Project Type: 21 Unit Condos
  • LTV: 75%
  • LTC: 85%
  • Rate: 10.37%
  • Term: 18 Months
  • Guaranty: Recourse

Transaction Overview

Max Benjamin Partners, Inc. (“MBP”) is proud to announce the successful closing of a $15.3 million construction loan for the ground-up development of a four-story, 21-unit condominium project in San Jose, California. The sponsor, a locally based and highly experienced real estate developer, continues to demonstrate a strong commitment to revitalizing and enhancing the surrounding community through thoughtful, design-forward projects.

Leveraging our deep capital relationships and transaction expertise, MBP structured a zero cash-to-close financing solution that included reimbursements at close for project costs to date, 100 percent of the vertical construction budget, and a fully funded interest reserve covering the loan term. The result was a capital structure that maximized efficiency, preserved liquidity, and allowed the sponsor to focus fully on execution and delivery.

We’re excited to see this exceptional project come to life and look forward to continuing to support the sponsor on future developments throughout the Bay Area. If you’re a builder or developer seeking creative, tailored financing solutions that align with your vision and experience, let’s connect.

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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