Purchase of a Retail Building in Brownsville, TX
Loan Amount: $1,800,000
Loan Type: Bridge

Challenge

Our Borrower was seeking a $1,800,000 Bridge Loan to purchase an unanchored, 12-unit retail building in Brownsville, TX

· Borrower is a Foreign national and does not reside in the U.S.
· Limited liquidity from Borrower after down payment

Solution

Due to:

· Good subject location
· Purchase price lower than Appraised Value
· Borrower’s experience as a Real Estate Investor

Grand Pacific was able to provide:

· 61% LTV
· $1.8MM Bridge Loan