$9.25MM OF TOTAL FINANCING CASH OUT BRIDGE

We are pleased to announce the closing of a $9,250,000 bridge loan to accommodate the sellout of homes in the Silverlake neighborhood of Los Angeles. 

Beachrock has successfully closed a $9,250,000 bridge loan on 7 recently completed "Small Lot Ordinance" homes in the Silverlake neighborhood of Los Angeles.  The "quick close" loan refinanced the Builder's original construction loan, and provided significant cash out by unlocking cash and market equity trapped in the project.  Beachrock identified a bridge lender that immediately recognized the value of the collateral and provided the cash out refinance at a favorable rate and terms.  

BEACHROCK THANKS EVERYONE INVOLVED IN THIS TRANSACTION!