Transaction Details
Industrial
$918,300
Waynesville, NC
Industrial
- Project Type: Industrial
- LTC: 80%
- Rate: 7.5%
- Interest Only: 12 Months
- Term: 5/1 ARM
- Prepayment: None
- Guaranty: Recourse
Transaction Overview
MBP was approached by a borrower seeking a construction loan for an industrial asset in their local market. Their existing banking relationship required a high global DSCR for construction financing, which limited the leverage they could obtain, especially after deploying most of their available cash toward the land acquisition.
After conducting a thorough market analysis, MBP identified that the asset’s stabilized value supported a higher-leverage construction loan that could fully cover the construction budget, interest reserve, and associated fees within a single facility. The structure also provided enough excess proceeds to return a portion of the equity the sponsors had invested in the land.
MBP ultimately secured interest from a local credit union that was bullish on the asset class and familiar with the market. The lender became comfortable with both the elevated leverage and the cash-out component. MBP prides itself on pairing strong local lenders with qualified sponsors and, through detailed financial modeling, comp analysis, and targeted lender outreach, we consistently deliver financing structures aligned with our clients’ objectives.
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.