Project Description

 

30-unit Apartment in Hayward

Loan Amount: $4,350,000

Loan Type: Bridge – Refinance and Cash out

Challenge

A returning client came to Grand Pacific to finance their next investment opportunity.

• 100% vacant property with some fire and mold damage
• Major renovation was needed
• Borrower’s first multi-family rehab project with over $1.2 million budget
• Fair credit score

Every project has their specific challenges. We specialize in structuring our loans to aid our borrowers in their projects.

Solution

We were delighted to not only to see a returning client, but also to fund a property with great upside value.

• Veteran real estate investor with history of successful projects with Grand Pacific
• Provided payment reserve and extension options to ensure that renovations would be completed
• Financed 100% of renovation costs and associated transaction fees

We have honed our skills as a lender for 35 years to become a catalyst for our borrower’s prosperity.

 

Contact Us

Start Your Application

(323)780-0855

 

Past Loans

Bridge Loans

Construction Loans

© 2015-2018 Grand Pacific Financing Corp. All rights reserved.
California Finance Lender License# 6032068, 6050620.