$1,400,000 | 1st TD Bridge Loan | Huntington Beach, CA
$1,400,000 1st TD Bridge Loan Closed in Huntington Beach California!
$1,400,000 1st TD Bridge Loan Closed in Huntington Beach California! The borrower’s current loan on the property was maturing very soon and they were unable to obtain a new long term loan due to a decline in the business cashflow. The borrower’s sales began to increase during 2021 to the point that there were $500,000 worth of back ordered inventory they were unable to fulfill. RTI funded a $1,400,000 1st TD bridge loan enabling the borrower to pay off their loan coming due and for working capital.