$1.3MM LAND BRIDGE LOAN

We are pleased to announce the closing of a $1,300,000 Land Bridge Loan

Beachrock has successfully closed a $1.3MM land bridge loan to facilitate the final processing of a 7 unit "SLO" community in Echo Park.  The financing will allow the Developer to finalize the remaining permitting as required by the construction lender, and demolish the existing homes on the parcels.  Beachrock was able to source a lender that understood the underlying value of the entitled land and would therefor allow for the demolition of the existing improvements.  The lender was also able to offer exceptional pricing due to the lower LTV and shorter term nature of the financing request.  The loan closed in under 2 weeks from start to finish.  

BEACHROCK THANKS EVERYONE INVOLVED IN THIS TRANSACTION!