$2.0MM LAND BRIDGE
We are pleased to announce the closing of a $2.0MM Land Bridge Loan
Beachrock has successfully closed a $2.0MM land bridge loan to facilitate the purchase of the final parcels of a larger assemblage that is slated for a 100 unit apartment complex in the San Pedro area of Los Angeles.
Beachrock was able to source a non-bank lender that could accommodate the non-recourse request. This was achieved by working with a lender that was both locally based, but also extremely knowledgeable in the Los Angeles entitlement process, as well as the underlying value of real estate. The lender was able to close in under 30 days, without an appraisal.
BEACHROCK THANKS EVERYONE INVOLVED IN THIS TRANSACTION!