As an increasing number of developers are finding it difficult to secure loans, many are turning to alternative funding sources to keep their projects alive. On the vanguard of this trend is Max Benjamin Partners, a commercial real estate investment bank in Beverly Hills.
Max Benjamin Partners
City: Beverly Hills
Address: 8447 Wilshire Blvd
Website https://www.mbpartners.com/
Phone +1 310 773 4938
Email CONTACT@MBPARTNERS.COM
Max Benjamin Partners
Among New Breed of
Lenders Bailing Out
Commercial Builders
As an increasing number of developers are finding it difficult to secure
loans from banks and other traditional lenders, many are turning to
alternative funding sources to keep their projects alive.
MBP specializes in both debt and
equity placement and provides some
of the most creative and efficient
capital solutions for commercial real
estate developers and investors.
The firm is run by Max B. Mellman,
a dynamic leader who is
growing MBP at an ambitious
pace.
According to the National Association of Home Builders, 71.7% of banks have imposed
stricter guidelines for construction and land development loans, while 63.3% of banks
tightened standards on loans secured by multifamily properties in the second quarter of
this year compared with last.
"Given the tightening of credit by traditional
lending institutions, debt funds, private
investors and insurance companies have
emerged as the go-to source for capital and
reaping the benefit," says Mellman, who
started MBP and in 2018.
"A great number of developers in our industry who've been solely
reliant on their relationship bank are looking elsewhere to capitalize
their projects.
This creates the need for a seasoned advisor more
than ever." MBP has been able to help developers
all across the country complete their projects
including: SAN DIEGO, CA - MBP helped a
developer secure a $17.4 million bridge loan for a
student housing project near SDSU campus.
MBP is currently helping the developer secure additional
funding to build phase two of student housing.
EUGENE, OR - MBP secured a
$33,900,000 loan to complete the
final phase of a single-family home
project that the developer couldn't
get elsewhere.
HOUSTON, TX - MBP helped a developer of 25 homes priced $350k-
$475k in Mission, TX secure a $9 million loan needed to complete the
project after the bank refused to lend additional funds.
"Our sources are diverse and include family offices,
private equity groups, hedge funds, and other non-
traditional lenders." Max Benjamin Partners is a
prominent real estate investment bank that specializes
in capitalizing commercial real estate developments and
acquisitions of all asset classes.
Find Out More At https://www.mbpartners.com/
Among New Breed of
Lenders Bailing Out
Commercial Builders
As an increasing number of developers are finding it difficult to secure
loans from banks and other traditional lenders, many are turning to
alternative funding sources to keep their projects alive.
MBP specializes in both debt and
equity placement and provides some
of the most creative and efficient
capital solutions for commercial real
estate developers and investors.
The firm is run by Max B. Mellman,
a dynamic leader who is
growing MBP at an ambitious
pace.
According to the National Association of Home Builders, 71.7% of banks have imposed
stricter guidelines for construction and land development loans, while 63.3% of banks
tightened standards on loans secured by multifamily properties in the second quarter of
this year compared with last.
"Given the tightening of credit by traditional
lending institutions, debt funds, private
investors and insurance companies have
emerged as the go-to source for capital and
reaping the benefit," says Mellman, who
started MBP and in 2018.
"A great number of developers in our industry who've been solely
reliant on their relationship bank are looking elsewhere to capitalize
their projects.
This creates the need for a seasoned advisor more
than ever." MBP has been able to help developers
all across the country complete their projects
including: SAN DIEGO, CA - MBP helped a
developer secure a $17.4 million bridge loan for a
student housing project near SDSU campus.
MBP is currently helping the developer secure additional
funding to build phase two of student housing.
EUGENE, OR - MBP secured a
$33,900,000 loan to complete the
final phase of a single-family home
project that the developer couldn't
get elsewhere.
HOUSTON, TX - MBP helped a developer of 25 homes priced $350k-
$475k in Mission, TX secure a $9 million loan needed to complete the
project after the bank refused to lend additional funds.
"Our sources are diverse and include family offices,
private equity groups, hedge funds, and other non-
traditional lenders." Max Benjamin Partners is a
prominent real estate investment bank that specializes
in capitalizing commercial real estate developments and
acquisitions of all asset classes.
Find Out More At https://www.mbpartners.com/