$2,250,000 Fix and Flip Loan

We are pleased to announce the closing of a $2,250,000 Fix and Flip Loan for a property located in Los Angeles. 

Beachrock successfully closed the fixed rate loan with a private money lender who was able to offer a 2-week closing schedule and a 85% LTC advance rate.  

Beachrock worked closely with the lender to ensure that the lender and all required third parties could meet the Borrower's tight closing requirements.  Additionally, the lender's 85% LTC advance rate allowed the Sponsor to minimize the total amount of cash equity needed for the project. 

BEACHROCK THANKS EVERYONE INVOLVED IN THIS TRANSACTION