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 $1.3MM 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 $1.3MM Cash Out