30-unit Apartment in Hayward
Loan Amount: $4,350,000
Loan Type: Bridge – Refinance and Cash out
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.
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.