Project Description

Loan Type: Construction


The sponsors came to Grand Pacific with a proposal to construct a 4-story apartment with an underground parking structure. From previous experience, we knew projects such as this one required:

• A capable general contractor
• Precise planning to avoid complications inherent with underground construction
• Sponsor with financial capabilities to overcome contingencies


• General contractor has under taken multiple projects of similar nature
• Sponsor has successfully invested in large quantities of real estate properties of various types
• Analyzed sponsor’s financial strength built from their investment success

The above factors helped GP’s decision in providing 100% of construction costs, all fees, and a payment reserves.

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