Bridge Financing for a non-conforming property near Downtown Los Angeles
- Loan Amount
- $6,700,000
- Property Type
- Commercial
- Area
- Los Angeles
- Purpose
- Bridge Refinance
- Brand
- N/A
First Financial Capital recently provided bridge financing on a nonconforming property near downtown Los Angeles. The borrower needed to close within 30 days to avoid penalties, but due to the non-conforming nature of the property, had trouble securing financing through conventional means. After thorough analysis of the property, we determined it was worthy of a $6.7M loan facility, and provided financing within thirty business days.
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