Project Description

Type of the loan: Bridge Loan – Refinance

Purpose

The loan provided the client the necessary funds to refinance their current loan.

Challenge

The business of the subject 113-bedroom property was still in a stabilization phase with a relatively low NOI from the previous year.

Solution

Although difficult, we recognized that the subject property had significant upside. First, it was located in a desirable location in San Diego and the operations was showing improvements. We also weighed the client’s mix of experience as real estate investors and as the principal of a senior living home heavily, and considered them positive attributes to have for a successful business. Grand Pacific’s perseverance in achieving our customer’s goals helped us earn recognition in the market place.

© 2015 Grand Pacific Financing Corp. All rights reserved.
California Finance Lender License# 6032068, 6050620.