Refinance and Cash Out on a Retail Center in Jurupa Valley, CA
Loan Amount: $4,700,000
Loan Type: Bridge

Challenge

Our Borrower was seeking a $4,700,000 Bridge Loan to refinance a three-building commercial retail center in Jurupa Valley, CA

· Rising interest rates may jeopardize DSCR
· Limited liquidity from Borrower

Solution

Due to:

· Newly constructed shopping center
· Lease contract signed at 89% occupancy
· Borrower’s experience as a real estate investor

Grand Pacific was able to provide:

· $4.7MM Bridge Loan
· Interest Payment Reserve
· Capital for Tenant Improvement