Beverly Hills-based Max Benjamin Partners (MBP) secured a $116.2-million refinance loan for investor and developer Adam Tancredi to develop 214 build-for-rent homes located on 17 acres of land at 3138 Linne Rd. in Paso Robles. 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 community will offer two-and three-bedroom layouts and will feature a resort-style pool, fitness center, clubhouse and community gathering spots with fireplaces, bocce court and dog park. 

March 20, 2025: Register to attend the 9^th annual Connect Orange County coming up on Thursday, March 20^th, and join the region’s most active investors, owners, developers, dealmakers, managers, brokers, lenders, and more at the Hyatt Regency Irvine. Learn more, get involved, and register at: www.ConnectOC2025.com