Project Description
30-unit Apartment in Hayward
Loan Amount: $4,350,000
Loan Type: Bridge – Refinance and Cash out
Challenge
A returning client came to Grand Pacific to finance their next investment opportunity.
• 100% vacant property with some fire and mold damage
• Major renovation was needed
• Borrower’s first multi-family rehab project with over $1.2 million budget
• Fair credit score
Every project has their specific challenges. We specialize in structuring our loans to aid our borrowers in their projects.
Solution
We were delighted to not only to see a returning client, but also to fund a property with great upside value.
• Veteran real estate investor with history of successful projects with Grand Pacific
• Provided payment reserve and extension options to ensure that renovations would be completed
• Financed 100% of renovation costs and associated transaction fees
We have honed our skills as a lender for 35 years to become a catalyst for our borrower’s prosperity.
Contact Us
(323)780-0855