$5,800,000 BRIDGE LOAN IN INLAND EMPIRE, CALIF. IS 8TH NEW LOAN FOR REPEAT BORROWER
Freedom Financial Funds, LLC, through its subsidiary Freedom REIT, recently closed its 8th loan with a Los Angeles-based developer. The $5,800,000 loan provided acquisition financing for a 36,950 square foot industrial building in the Eastern Inland Empire area of Riverside County, California, that was just completed and leased.
Freedom was able to structure an 87% loan-to-cost solution for the client at a rate that was far less expensive than a traditional bank and preferred or joint-venture equity arrangement. The capital was not just more efficiently priced, it was provided by a single source, sparing the client a great deal of time, effort, complexity and legal work.
The client calls Freedom when he has time-sensitive transactions with a level of complexity that traditional sources, such as his bank, may not understand or be able to structure and close in the time necessary to seize the opportunity.
Freedom Financial Funds provides capital for construction, rehabilitation, repositioning, conversion or additions to commercial and residential properties throughout the Western and Southwestern U.S. from its locations in California, Arizona, Oregon and Texas. Freedom also offers build-to-suit financing nationally.