**Max Benjamin Partners Secures $116M Refinance for Build-to-Rent Development in Paso Robles**
Beverly Hills-based Max Benjamin Partners (MBP) has secured a $116.2 million refinance loan for investor and developer Adam Tancredi to support the development of 214 build-for-rent homes in Paso Robles. The project spans 17 acres at 3138 Linne Road.
Arranged by MBP’s Jason Moyal and Drew Rands, the loan refinanced the existing acquisition debt, facilitated the buyout of previous partners, and fully capitalized the remaining project, including site infrastructure and vertical home construction.
“The overall construction lending market has evolved with high interest rates and a reluctance by lenders to lend, creating a challenging environment,” said Moyal. “We need to look for alternative and creative sources of financing to help investors reach their goals.”
Located within the 280-acre Vinedo master-planned community, the build-for-rent neighborhood will feature two- and three-bedroom homes. Amenities will include a resort-style pool, fitness center, clubhouse, and community gathering spaces with fireplaces, a bocce court, and a dog park.
