Project Description

Refinance of a Multi-Family Apartment in Long Beach, CA
Loan Amount: $1,914,000
Loan Type: Bridge


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


Grand Pacific was able to provide:

· Speedy Funding Program
· 12 Months of Payment Reserve
· $1.914M Bridge Loan


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California Finance Lender License# 6032068
Loans made or arranged pursuant to a California Financing Law License.
NMLS ID: 2346991