The Principals of Bridge Capital Finance have been involved in the following transactions:

$2,200,000 Acquisition Land Loan
The property was a 24 home single family residential development project. The seller had built 10 houses and sold six of them. The client had an opportunity to acquire the 4 unsold houses and the 14 remaining lots at a substantial discount, but he need to close in a week. The $2,200,000 loan was approximately 65% of the purchase price and less than 50% of the collateral value.

$1,400,000 Acquisition Loan
The property is a 5,500 square foot restaurant/bar located in Beverly Hills. The client was buying both the property and the restaurant operation for $2,525,000. In order to complete the transaction, the client needed to close quickly. We arranged a $1,400,000 loan (55% of purchase price) secured by both the property and the business equipment (with a UCC-1) that closed within the required period. We estimated the value of the real estate alone at approximately $2,000,000* making the loan 70% loan to value.

$1,450,000 Office Building Acquisition Loan
The 48,000 square foot office building was part of a three-property portfolio the client was acquiring for $4,900,000. He received the favorable purchase price because he was buying all three buildings. Concurrently, he intended to flip the properties to three separate buyers for a total of $6,400,000. The resale price for this building was $2,900,000. Unfortunately, the end buyer for this building could not close in time and the client risked losing the transaction. We arranged a $1,450,000 loan that enabled the client to purchase the property and salvage the transaction. We conservatively estimated a quick sale value of the property to be $2,400,000 making the loan 60% loan to value.

$4,000,000 Equity Cash-Out Loan
The client was an up and coming record label. Their four-property portfolio consisted of an 11,000 square foot office building that was highly improved with a state-of-the-art recording studio, a 6,200 square foot warehouse with offices and mezzanine space, a 40-car parking lot, and a single family residence that is being converted to a guest house for their recording artists. The building ownership is a foreign entity with no other assets in the U.S. beside these buildings. The loan was secured by a first trust deed on all four properties plus a UCC-1 filing on all the studio equipment. The estimated value of the buildings was $6,000,000 and the value of the recording equipment was $2,000,000, making the loan to value approximately 50%.

$1,300,000 Acquisition Loan for a Drug Rehab Center
| The 25,000 square foot, 98 bed treatment facility is located in a prominent section of Los Angeles. The property was delivered vacant to the borrower because the previous operator lost their charter. The property was purchased for $1,600,000 and there were multiple back up offers over $2,000,000. The land alone was valued at $15 - $20 PSF or approximately $1,100,000 - $1,400,000. The loan was cross-collateralized by the borrower’s residence located in an exclusive enclave of high-end houses in the San Fernando Valley.

$3,000,000 Equity Cash-Out Loan
The property, a 71,000 Industrial/Warehouse building, is located in sought after industrial corridor on the Glendale/Los Angeles border. The tenant suffered two years of losses and they had exhausted all their credit facilities. Needless to say, they were seriously strapped for cash. No institutional lenders would provide them further credit nor would they lend against their building. The $3,000,000 loan provided the cash needed to make the company profitable again.

$1,400,000 Equity Cash-Out Loan
The client was building multi-million dollar houses in Los Angeles. He needed cash to acquire additional properties and continue his home building operation. We secured a $1,400,000 against his inventory of lots. The cash-out loan gave him the equity needed to remain profitable.