Project Description


Purchase and Renovation for Industrial Building in Studio City

Loan Amount: $2,575,000

Loan Type: Bridge


The borrower was coming back to Grand Pacific for the third time in order to fund their latest acquisition.

• 100% pro forma underwriting, Vacant property no cash flow in place
• Higher leverage at nearly 80% LTC
• We provide adequate proceeds for client on renovation budget for value creation
• Lower than expected appraisal value

Regardless of the estimated value, GP provided the original loan request without adjustments.


We provided over 80% of the acquisition and funded the renovation, payment reserve, and all other transactional costs.

• Returning borrowers who have completed several creative office projects
• Light on liquidity but adequate net worth
• Our flexibility to overlook minor credit issues

We were able to successfully close this loan at the borrower’s full request and by their deadline of escrow.


Contact Us

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(323) 780-0855


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Bridge Loans

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