Project Description
Refinance and Cash Out on a Two-Story Retail Plaza in Huntington Park, CA
Loan Amount: $7,800,000
Loan Type: Bridge
Challenge
Our Borrower was seeking a $7,800,000 Bridge Loan to refinance a two story retail plaza in Huntington Park, CA.
· Borrower’s credit score was considered “Poor”
· Borrower was seeking $1.3 Cash out in addition to paying off existing lien
Solution
Due to:
· Highly traveled and easily accessible property location
· Long term lease with National Credit Tenant
· Low LTV of 45%
Grand Pacific was able to provide:
· $7.8MM Bridge Loan
· Over $1.3M Cash Out
Contact Us |
Past Loans |
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(323) 780-0855 |