Project Description

Acquisition of a Light Industrial Building in Northridge, CA
Loan Amount: $2,737,000
Loan Type: Bridge


Our Borrower was seeking a $2,737,000 Bridge Loan to purchase a light industrial building in Northridge, CA.

· Low net worth and limited liquidity from Borrower
· Subject is 100% vacant, to be owner-occupied after acquisition
· Required a rush closing timeline


Due to:

· Desirable property type
· Stable, strong income from the Borrower

Grand Pacific was able to provide:

· Close to $3MM loan
· 70% LTV
· Closing within 2 weeks


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