$5,400,000 | bridge loan | Santa Ana, CA

$5,400,000 | bridge loan | Santa Ana, CA

$5,400,000 | bridge loan | Santa Ana, CA. The tenant of an industrial property was seeking to exercise their option to purchase the property from the seller which would have expired upon the end of their 5 year lease. SBA turnaround times for funding are taking several months rather than weeks, and the seller was not willing to provide an extension. RTI arranged a $5,400,000 bridge loan at 90% LTP within 9 days allowing the borrower to acquire the property at a below market price.