Project Description

Loan Type: Bridge – Refinance


After years of delay caused by city mandated construction, these properties were inches away from completion.

Our Sponsor needed to find a lender that could finance these properties for the remaining duration.

• Sponsor required additional funds to complete construction
• Both properties must be sold before profit are realized


Not wanting to delay this project any further, Grand Pacific quickly structured a loan that would satisfy the Sponsor.

• Funded required construction cost and an additional cash out to reimburse cost overrun that was caused by the delay
• Provided extension options to ensure there was sufficient time to market and sell both properties

© 2015-2023 Grand Pacific Financing Corp. All rights reserved.
California Finance Lender License# 6032068
Loans made or arranged pursuant to a California Financing Law License.
NMLS ID: 2346991