Project Description

Loan Type: Bridge – Acquisition


To avoid financial penalties, our client was required to meet deadlines for escrow and a 1031 exchange. However, their conventional lender denied a portion of their requested loan amount and left our Client with little time to spare.

• Required an expedited closing
• Subject was in a remote area
• Month to month leases raised concerns about stability of future occupancy
• Rental rates were below market average


Although the conventional lender was reluctant to provide our borrower with requested funds, Grand Pacific found enough convincing evidence and funded this acquisition within a week.

• Sponsor with clean financial records
• Non-rent controlled and month to month lease terms provided flexibility to match market rental rate
• Sponsor was managing multiple rental properties successfully

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California Finance Lender License# 6032068, 6050620.