Transaction Details
MULTIFAMILY CASH-OUT REFINANCE
$32,000,000
Van Nuys, CA
- RATE: 4.5%
- TERM: 10 YEARS
- LTV: 50%
- INTEREST ONLY: FULL-TERM INTEREST-ONLY
- PREPAY: STEP-DOWN
- GUARANTY: NON-RECOURSE
Transaction Overview
MBP structured the debt of a stabilized 62+ senior living affordable housing facility in Van Nuys, CA for a cash-out refinance. MBP was able to be proactive with our clients portfolio and structured an interest rate lock for 75+ days to account for rising interest rates in the current market for the multifamily asset.
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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Work with us to see what our talented team, vast network of debt and equity providers, and capital markets expertise can do for you.