Challenge

Our returning borrower was seeking to Construct a SFR in Los Angeles however required a high leverage.

• Sponsor was light on liquidity and was simultaneously conducting 2 high leverage projects with Grand Pacific
• Borrower was seeking 100% of hard and soft cost and nearly 90% of the acquisition

The leverage for this project was out of Grand Pacific’s construction loan programs scope.

Solution

Working on a similarly structured deal with the same borrower, Grand Pacific was able to proceed with this deal with ease.

• Returning borrower with an established relationship and successful track record
• Provided 100% of the borrower’s request with our aggressive structuring

Ultimately, the borrower was able to develop two properties while investing less equity than one project would require.

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Construction Loans