Project Description
Refinance of a Multi-Family Apartment in Long Beach, CA
Loan Amount: $1,914,000
Loan Type: Bridge
Challenge
Our Borrower was seeking a $1,914,000 Bridge Loan to refinance a 9-unit Apartment in Long Beach, CA
· Limited liquidity from Borrower
· Discrepancies among business documents
· Rushed Closing Deadline
· Difficulty in verifying rental income
· Underwriting based on projected market rent
Solution
Grand Pacific was able to provide:
· Speedy Funding Program
· 12 Months of Payment Reserve
· $1.914M Bridge Loan
Contact Us |
Past Loans |
---|---|
(323) 780-0855 |