Refinance on a Light Industrial Building in Hawthorne, CA
Loan Amount: $4,710,000
Loan Type: Bridge

Challenge

Our Borrower was seeking a $4,710,000 Bridge Loan to refinance a light industrial building in Hawthorne, CA.

· Limited liquidity from Borrower
· Cash flow may not be sufficient to support DSCR

Solution

Due to:

· Owner-occupancy with business of 17+ years
· Existing GP Client with good payment records

Grand Pacific was able to provide:

· Close to $5MM loan with $1.1MM Cash Out
· Close to 75% LTV