Project Description

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


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


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


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