Transaction Details
Medical Office Building Acquisition
$3,550,000
Yakima, WA
- RATE: 3.63%
- TERM: 10 YEARS FIXED
- LOAN-TO-VALUE: 63%
- AMORTIZATION: 30 YEARS
- LENDER ORIGINATION: 50 BPS
- NO PREPAYMENT PENALTY
Transaction Overview
MBP was engaged exclusively to secure a fixed-rate loan at the lowest possible coupon. MBP identified a capital partner that was willing to lock their rate for almost four months and take the stress of a never-changing economy and interest rate volatility off the table. The sponsor doesn’t anticipate the need to refinance this loan any time soon and appreciates the lender’s no prepay policy in addition to their commitment to honor the terms of their April 1st LOI.
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.