Type of the loan: Construction Loan
The loan provided the necessary funds to construct an 8-unit residential building in Los Angeles area.
Grand Pacific was challenged to overcome many hurdles to fulfill our client’s goals. The subject property was located in an area with below average public safety, which raised questions about its demand. The property would also be the pioneer for buildings of its kind in said area. Due to the lack of precedent in the area the proposal raised questions about its sustainability.
Despite the ambiguity of the project Grand Pacific carefully analyzed the situation in order to fulfill our client’s goals. Our client was an experienced rehab contractor and investor with healthy financials. By recognizing the importance of these factors we aided our client and together we were able to achieve greatness.