Type of the loan: Construction Loan
The purpose of this loan was for construction of a 10-unit town house in Santa Clara County.
The client had a great vision for this property however, some factors causes our clients problems, such as the possibility of construction term being longer than anticipated. The construction term for this project was critical in its turn around. Their investments were undiversified and they were solely invested in land.
Grand Pacific takes pride in our eagerness to aid our clients. With that mindset we diligently worked on this project.
First we analyzed the surrounding environment and noticed that the subject property was in a desirable location with nearby shopping centers, grocery stores, and ample amounts of jobs being created. Then we recognized our clients experience in construction and had faith the construction process would be efficient. Grand Pacific was once again able to achieve what conventional lenders could not.