Refinance Bridge Loan for Long Beach Commercial Property

Funded by Wilshire Finance Partners


Deal Details

Private Loan Type


Approx. Funding Date


Property Type
Property City

Long Beach

Property State


Deal Summary

$937,500 private money bridge loan secured by a 3-unit retail property in Long Beach, CA. The Borrower and his ex-wife operated a business together using more than half of the 12,000 square feet. Upon divorcing, the previous lender wanted him to refinance to removed the ex-wife from the note and deed of trust. The Borrower showed excellent pride of ownership and a solid plan to re-lease the vacant space. We provided a quick bridge loan, removed the ex-wife, and the Borrower executed his plan. He is now 100% occupied and will get a new loan from a bank to refinance. The loan-to-value for this bridge loan is just 53%, and the loan term is 2 years.

Funded By

Wilshire Finance Partners

Commercial Real Estate Loans | Bridge & Value Add | 1st or 2nd Lien

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