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Mixed - Use Refinance and Cash Out

Long Beach, CA

$12,000,000

Long Beach, CA

$12M Mixed-Use Refinance and Cash Out

Property and Location: 

  • 36 Retail Units and 2 Residential Units
  • 53,200 total SqFt
  • Long Beach, CA

Constraints: 

  • Refinanced current loan to give client 3M cash out to begin construction on another project.
  • Complex borrowing structure with 17 EB-5 investors

Outcome: 

  • Construction Loan, 50% LTV, 60% LTC
  • Able to close deal in under 30 days 
  • 30 Day LIBOR + 6.25% - Full-Recourse 
  • 2yr Term


Work With Us

You will be backed by one of the most innovative, supportive, and technical mortgage banking leadership teams in the industry and we are all committed to the success of the enterprise.

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