TDC Pacific Properties Secures $7.224 Million Bridge Loan From Continental Partners For Multifamily Assets

The transaction involved three multifamily assets located at 1883 West 20th Street, 4901 Romaine Street, and 25134 Frampton Avenue in the Los Angeles and Harbor City markets. The properties comprise a total of 20 units and have a total square footage of 20,666. The loan amount secured for this transaction was $7,224,000 under a bridge loan type with a term of 18 months.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $7,224,000
• Units: 20
• Square Feet: 20,666
• Address: 1883 West 20th Street, 4901 Romaine Street & 25134 Frampton Avenue
• Market: Los Angeles & Harbor City
• Lender: Continental Partners
• Landlord: TDC Pacific Properties
• Lender's Representatives: JM Grimaldi & Dave Brelian - Continental Partners
• Loan Type: Bridge
• Loan Terms: 18 months

Continental Partners facilitated the loan, with JM Grimaldi and Dave Brelian structuring a debt package that provided a high-leverage solution. The financing served to retire maturing debt, fund the final stages of construction, and enable the sponsorship to access future equity opportunities.