More Than Just Gap Funding
Real estate holders and business owners who are responsible for managing multiple properties know all too well that it can be difficult to secure bank funding for a new, promising acquisition, if they already have one or several mortgages out with that bank. Underwriters at big banks often refuse to speculate and approve loans largely on pro forma. This makes it difficult for borrowers to find bridge loans in Los Angeles to fund an acquisition for under-performing or new business properties until reaching stabilization. Luckily for borrowers stuck in these situations, First Financial Capital is different.
Our short-term loans, typically with a payback period of anywhere from one to three years, are perfect solutions for businesses and real estate owners needing gap funding of over one million dollars. Yet, our ability to provide gap funding is just one of the reasons why borrowers count on us time and time again for commercial real estate loans. It is also the reliability and the speed of our loans that bring borrowers needing out of the box finance in Los Angeles back to us time and time again.
- Reliability – When the opportunity to acquire a promising property arises, our borrowers simply do not have the time to spend weeks shopping around to see which lenders are willing to providing them with funding. Our returning borrowers feel comforted knowing that when they have an urgent need for multi-million dollar funding, it is a need that we can meet.
- Speed – It is understandable that anyone selling a sought-after piece of real estate does not wait around long for buyers to come up with the promised purchase amount while there are competing market offers. Those needing to secure special purpose or vacant building financing in Los Angeles can rest assured knowing that we can get them the funding they need to meet their promises in as little as two weeks. (Broker license number: CA DRE 01523939)