90% LTV Cross Collateralization for Construction & Acquisition Loan
- Loan Amount
- $5,165,000
- Property Type
- Confidential
- Area
- East Los Angeles
- Purpose
- Acquisition Loan & Construction Loan
- Brand
- N/A
First Financial Capital has successfully completed financing for the construction of a carwash and the future acquisition of another asset within 14 days.
FFC designed this loan specifically for our client to be divided into two installments; the first installment to pay off existing land debt & finance the construction of a carwash. The second installment will serve as a pledge to our client to go directly to escrow to fund the future acquisition of another asset. This gives our borrower the ability to pursue the acquisition of other assets in confidence.
