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