Medical Office Building | 25 Condo Units | $15.3M Purchase Price
At RTI Bridge Loans, we specialize in turning complex real estate transactions into success stories. Most recently, we provided a $3,000,000 1st TD loan to assist in the purchase of a fully converted medical building in Irvine, California. The property features 25 condominium office units—each with its own parcel number. Several units are already under contract and will close following the building’s acquisition.
Our borrower, leveraging 1031 exchange funds, is contributing 80% down, bringing our loan-to-purchase at a conservative 19.6%. The borrower’s strategic approach and strong equity position made this an ideal bridge loan opportunity.
Don’t let financial hurdles slow you down. Contact RTI Bridge Loans at (562) 857-2285, and let’s work together to keep your goals on track.