Commercial Real Estate Lending in Los Angeles
Acquiring a new commercial real estate property can be an exciting expansion opportunity for a potential real estate buyer. Yet, due to overly stringent bank policies that are largely a result of the 2008 financial crisis, these buyers find it extremely difficult to secure real estate financing in Hollywood when they already have pre-existing mortgages. In these situations, borrowers regularly rely on companies like First Financial Capital to provide commercial real estate lending in Los Angeles. We have over 30 years of experience in the lending sector, so borrowers count on us as a reliable lending partner whenever they need help financing a purchase during a period of transition.
Unlike a typical mortgage that is paid off over several decades using funds that have yet to be raised, First Financial Capital’s borrowers seeking commercial real estate lending in Los Angeles usually pay back their loans over a 1 to 3 year period after an expected property sale or round of investment funding has come through. Many of our borrowers also benefit from terms that include either fixed or variable rates, and interest only for the first year of the payback period. It is also important to note that our lending plans are available based on either collateral or equity. Even if a bank is willing to lend you the money for your next venture, it is unlikely that they will offer the same flexibility that you will get with First Financial Capital’s commercial real estate lending in Los Angeles.
All Types of Property
One of the most common uses of our loans is to acquire a piece of real estate before selling the property that is currently owned. This type of bridge financing in Los Angeles is used by owners of many different types of property including apartment buildings, gas stations, hotels, and mixed use buildings. In addition, we are can also fund the purchase of vacant buildings whose potential many banks overlook. Many prospective buyers know that this type of vacant building financing in Los Angeles not only helps investors, but it also increases the value of the underdeveloped neighboring buildings around the investment site.
We have funded over $2 billion for various building owners, with that number growing more and more every week. Countless borrowers have benefitted from our flexible and convenient commercial real estate lending in Los Angeles, and you can be next. To find out more information about our range of bridge financing options, contact us today at (310) 694-5060. (Broker license number: CA DRE 01523939)