$1.5MM PURCHASE BRIDGE LOAN
We are pleased to announce the closing of a $1,480,000 Purchase Bridge Loan
Beachrock has successfully closed a $1,480,000 loan that that was used to facilitate the "quick close" of a parcel in Newport Beach, CA. Our client sourced a parcel at a below market price and a 1-week close.
Beachrock found a lender that was familiar with the market, and understood the value of the underlying lot, rather than the value of the existing improvements. The lender closed the transaction by the deadline!
BEACHROCK THANKS EVERYONE INVOLVED IN THIS TRANSACTION!