Project Description
Refinance on a Light Industrial Building in Hawthorne, CA
Loan Amount: $4,710,000
Loan Type: Bridge
Challenge
Our Borrower was seeking a $4,710,000 Bridge Loan to refinance a light industrial building in Hawthorne, CA.
· Limited liquidity from Borrower
· Cash flow may not be sufficient to support DSCR
Solution
Due to:
· Owner-occupancy with business of 17+ years
· Existing GP Client with good payment records
Grand Pacific was able to provide:
· Close to $5MM loan with $1.1MM Cash Out
· Close to 75% LTV
Contact Us |
Past Loans |
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(323) 780-0855 |