$2.7MM LAND BRIDGE

We are pleased to announce the closing of a $2,700,000 Land Bridge Loan to facilitate the purchase of a fully entitled 80 unit "Townhome for Rent" project.

Beachrock procured a $2,700,000 land bridge loan to facilitate a "fast close" transaction whereby our Client needed to quickly meet the conditions of their purchase agreement.  Beachrock located a lender that not only offered excellent terms, but also immediately recognized the value of the property, and could meet the timing demanded by the circumstances.  

While the project was fully entitled for 80 units at the close of escrow, the loan will facilitate the remaining permitting for the proposed 80 unit project and will ultimately roll into a development loan with the lender offering the developer a credit back for any duplicate loan fees paid.  

BEACHROCK THANKS EVERYONE INVOLVED IN THIS TRANSACTION!