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Transaction Details

Suwanee, GA build-for-sale residential homes
Suwanee, GA build-for-sale residential homes

Build For Sale; 20 Homes + 8 Lots

$20,004,000

Suwanee, GA

Build For Sale; 20 Homes + 8 Lots

  • Project Type: Build For Sale; 20 Homes + 8 Lots
  • LTV: 55%
  • LTC: 81%
  • Term: 24 Months
  • Rate: SOFR + 662 bps
  • Guaranty: Partial Recourse

Transaction Overview

MBP arranged financing for a residential development comprising 20 single-family homes and 8 finished lots, a transaction that required navigating a series of structural and execution challenges that would typically prevent a project of this scale from advancing. From the outset, the deal called for a thoughtful approach to both capital structure and sponsor positioning in order to create a viable path forward.

The sponsor entered the transaction with limited liquidity and no completed development track record, while also facing the inherent skepticism that often accompanies younger borrowers. This dynamic required more than a standard financing solution. It demanded a clear and credible narrative around execution, coupled with a structure that could withstand scrutiny from capital providers. Compounding these challenges, the project experienced a six-month permitting delay, placing pressure on both the timeline and the seller's confidence in the closing process.

Through a disciplined and solutions-oriented approach, MBP structured a financing package that addressed the sponsor's liquidity constraints, mitigated perceived execution risk, and ultimately restored confidence across all parties. By aligning the capital stack with the realities of the deal and maintaining momentum through a prolonged entitlement process, we were able to deliver certainty of execution and bring the transaction to a successful close, enabling the project to move forward as planned.

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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