Project Description
Refinance and Cash Out on a Retail Center in Jurupa Valley, CA
Loan Amount: $4,700,000
Loan Type: Bridge
Challenge
Our Borrower was seeking a $4,700,000 Bridge Loan to refinance a three-building commercial retail center in Jurupa Valley, CA
· Rising interest rates may jeopardize DSCR
· Limited liquidity from Borrower
Solution
Due to:
· Newly constructed shopping center
· Lease contract signed at 89% occupancy
· Borrower’s experience as a real estate investor
Grand Pacific was able to provide:
· $4.7MM Bridge Loan
· Interest Payment Reserve
· Capital for Tenant Improvement
Contact Us |
Past Loans |
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(323) 780-0855 |