Project Description

Refinance and Cash Out on a Two-Story Retail Plaza in Huntington Park, CA
Loan Amount: $7,800,000
Loan Type: Bridge


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


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


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California Finance Lender License# 6032068
Loans made or arranged pursuant to a California Financing Law License.
NMLS ID: 2346991