Transaction Details
Multifamily Development Loan
$78,000,000
Huntersville, North Carolina
- Product Type: Senior Debt & Mezzanine Debt
- Asset Class: Multifamily Development
- Leverage: 75% LTC
- Rate: 11.25% (blended)
- Term: 24 Months
- Guaranty: Recourse
Transaction Overview
StackSource recently arranged financing for the development of a 297-unit multifamily project in Huntersville, North Carolina. The property is located on 20 acres and will include 20 separate buildings, with parking and full amenities onsite. The financing includes both $63M in senior debt and $15M in mezzanine financing. StackSource Senior Managing Director Beth Mercante was able to arrange this high leverage debt tranche combination.
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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