Transaction Details
Mixed-Use Multifamily
$47,000,000
Seattle, WA
Mixed-Use Multifamily
- Project Type: Mixed-Use Multifamily
- LTV: 64%
- LTP: 73%
- Rate: 9.75%
- Term: 24 Months
Transaction Overview
Max Benjamin Partners, Inc. successfully arranged a $47 million note-on-note construction loan for Roosevelt Manor, a 137-unit, transit-oriented mixed-use development in Seattle, Washington. This engagement represents MBP's first transaction with the sponsor, as well as the sponsor's first project of this scale and complexity.
MBP partnered closely with the development team from initial structuring through closing, playing a key role in advancing the project from early concept to fully capitalized construction financing. Roosevelt Manor will participate in Seattle's MFTE Program 7 (P7), with approximately 25% of the units designated as affordable housing, underscoring the project's contribution to the city's housing initiatives.
This transaction highlights MBP's ability to structure and execute complex financing solutions while delivering a high level of service, driven by creativity, diligence, and a hands-on, client-focused approach.
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.