MBP, a boutique real estate advisory firm specializing in capital solutions for developers and investors, has successfully secured a $16.5-million loan for the development of 10th & Robinson – a 70-unit multifamily community situated in San Diego’s Hillcrest neighborhood. The loan was obtained by Jason Moyal and Max B. Mellman of MBP on behalf of the investor.
Despite the current challenges in lending, Moyal stated that they were able to secure a non-recourse construction loan from a local Southern California lender within just 29 days.
Located in an idyllic residential area with easy access to retail and dining options, 10th & Robinson will offer residents top-notch amenities such as a pool, co-working space, gym facilities and high-end finishes. This project is being developed alongside its sister building to provide even more desirable features for future tenants.
