- RATE: 7.75%
- TERM: 24 MONTHS - INTEREST-ONLY
- LTC: 85%
- GUARANTY: NON-RECOURSE
Construction loan for the ground-up build of a multifamily apartment complex in Totowa, NJ. MBP engaged exclusively with a General Contractor to secure a high leverage loan for his Totowa apartment project. MBP was able to secure a maximum-proceeds, non-recourse debt solution with which the GC was able to bring his own appraisal and zero cash to close.
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.