Type of the loan: Bridge Loan – Refinance and Cash Out
The purpose of this loan is to refinance the current loan while providing cash out in order to provide funds for projects.
Our client came to seek Grand Pacific’s aid after facing many setbacks. The property had a tenant that included a medical marijuana dispensary which limited the clients refinancing options with conventional lenders. The client was also asking for a significant portion of the loan to be cashed out.
Grand Pacific was able to overcome the setbacks by recognizing that the property had high enough demand to be fully occupied. We analyzed the client’s substantial experience as real estate investor and their noticed their healthy finances. Grand Pacific was successfully able to provide both the funds for refinancing and cash out. We were able to cement our reputation in the industry by proving our efficiency and effectiveness in aiding customers.