Manhattan Beach – Bridge Financing

Manhattan Beach, CA


Funding Purpose

Provided 100% bridge financing for the sponsor to entitle the property for a high-end Spec build.

Property Description

Single-family residence in the affluent beach town of Manhattan Beach, CA.


Successful businessman in the medical field looking to break into the CA real estate market.


  • Needed 100% financing, sponsor had a lack of real estate experience, seller gave a short closing window


  • Utilized cross-collateralization, presented lender with full diligence upfront


  • Loan Amount (LTV) –  100% 
  • Interest Rate –  4.75% 
  • Term – 12 Months
  • Recourse –  Full recourse
  • Interest Only – Full-term IO