Loan Type: Bridge – Acquisition
Utilizing their experience gained from other states, our client proposed to purchase this warehouse to expand their business in to California’s growing herbal health service industry.
• Conventional lenders were unable to finance due to regulatory confinements
• Observed borrower income showed fluctuations
• Additional capital was planned to be required for further development
Grand Pacific’s flexibility allows us to fund regardless of business nature. The deciding factors were:
• Diversified income which could serve debt through peaks and troughs
• An emerging industry and favorable regulatory environment
We were able to satisfy our borrower’s needs by providing an efficient service so they could purchase this property swiftly.