MaxBenjaminPartners,areal estateinvestmentbankinBeverly Hills,hascloseda$17.4million bridgeloanforStateside,developer ofastudenthousingprojectinSan DiegonearthecampusofSDSU.
Theloanwillbeusedto fullystabilizetheproperty.
MaxBenjaminPartnersisonthe forefrontoffindingalternate sourcesforloansbeyondbanks andothertraditionallenders,many whicharetighteningthereins giventoday'schallenging economy.
"We'redelightedtohaveplayed apartinsecuringfundingfor Statesideasitcontinuesits missionofbuildingmuch-needed housingintheSanDiego market,"saysMoyal.
"MaxBenjaminPartnerswasabletofindan idealsolutionbytappingintoourmyriadof lendingsourcesthataremoreflexiblethan traditionallendinginstitutions."Moyalexplains thatastheseinstitutionscontinuetopullinthe reins,firmslikeMaxBenjaminPartnersare pickinguptheslack.
"Developersandothersseeking totakeoutaloanarein desperateneedofalternate formsoffundingthatmaybeas complexascapitalstack solutions.
MaxBenjaminPartners specializesinthisareaand,as aresult,we'rebusierthan ever,"addsMaxBMellman, founderandCEOofthefirm.
"Oursourcesarediverseandinclude familyoffices,privateequitygroups, hedgefunds,andothernon-traditional lenders."MaxBenjaminPartnersisone ofthetopcommercialrealestate investmentbanksintheUSforlarge constructionandbridgefinancing.
Allpotentialinvestment opportunitiesarecarefullyvetted byin-houseexpertstoensurethat allpartiespossesstheexpertise, financialstrengthandintegrity necessarytocompleteeachdeal.
Thefirmcurrentlyhasmore than$500,000,000of single-familyresidential projectsinthepipeline.
