Loan Type: Bridge – Refinance and Cash Out
Grand Pacific was delighted when our client of over 10 years returned to seek our aid to refinance this 11-unit shopping center.
• One of the subject’s tenants was a herbal health service which limited their refinance options from conventional lenders
• Requested for a significant percentage of the loan to be cashed out
• Guarantor had personal credit issues
Grand Pacific was able to overcome the setbacks by:
• Recognizing that the property’s demand was high enough to be 100% occupied
• Client had substantial expertise as a real estate investor and had healthy finances to prove
Our flexible loan structure accommodates the needs of our client’s and helps GP create lasting relationships with our clients.