Southern CA Bridge Lenders for Commercial Real Estate
A list of bridge loan lenders for commercial real estate throughout Southern California, including LA, OC, SD, Inland Empire, and other areas. The lenders in our directory offer bridge loans for a variety of CRE financing, including: acquisition, refinance, cash out, redevelopment, repositioning, recapitalization, 1031 exchange, discounted payoff (DPO), note purchase and other deal types.
Archway Fund provided a $3.5MM acquisition loan secured by two multi-family properties located in Hollywood, California. The sponsor needed private money to secure two partially vacant multi-family properties which did not meet traditional financing income requirements. Their exit strategy is to refinance with a bank once the property is fully occupied and stabilized at market rents. This bridge loan was funded in August 2018.
Refinance Bridge Loan for Venice Beach 21-Unit Multifamily Property
Archway Fund financed a $7.4M refinance loan secured by an 18,350 square foot multifamily property located in the Abbot Kinney neighborhood of Venice, California. Sponsor required $4M in cash out to fund another property. The exit is to secure traditional bank financing on the other property as soon as stabilized. Archway Fund financed the deal at 70% LTV, with a 24-month term, 8.0% Interest Only, no appraisal and the borrower did not have to personally guarantee the loan. This bridge loan was funded in March 2018.