 |
|
|
|
 |
 |
|
|
||||||||
| ||||||||
| ||||||||
|
||||||||
| ||||||||
 |
  Construction Loans First Financial Bancorp has a variety of construction loan products for the individual who wants to build their dream home. We also offer loans to experienced real estate developers who wish to build large housing tracts, multi-family apartment buildings, or large commercial projects. Some features of the loans funded include:
* Owner-occupied Single Family - For the person who wants to build their own home, up to a high percentage of the total project cost may be funded depending upon the loan amount. Stated income loans and loans that convert to a permanent loan are available. * Single Family Spec Development - Whether it is a small infill project or a large housing tract, First Financial Bancorp has the capability of getting it funded. Several past loans were up to 90% of total project cost. * Multifamily Loans - First Financial Bancorp has placed numerous construction loans in this class. From a small 5-unit project to a large complex with hundreds of units, First Financial performs time and time again. * Commercial Loans - Mixed use, Shopping Centers, Office Buildings, Industrial, Motels/Hotels and Special Purpose are among the property types we can finance.
Mezzanine & Equity Financing How often have you seen a great deal but thought that you didn't have enough money to purchase and/or develop the property? Well, for the experienced real estate investor and/or developer, a variety of products are available to close the gap. First Financial Bancorp has access to funds for multifamily, commercial, and construction projects where leverage is required. Some of the products are as follows: * Mezzanine Financing - Typically structured as a 2nd Mortgage, or a loan to a LLC or other single asset entity. Rates typically range from 10% to 15% (subject to change). Mezzanine debt can provide a high percentage of the project's costs. * Equity Financing - Can provide additional equity money up to a high percentage of the project's costs. All transactions are priced based upon the risk assessment of the fund used. Typically structured with a preferred rate of return, and a percent of the profits for the project. *** Call us for more information regarding any type of real estate financing.  First Financial Bancorp - 12424 Wilshire Blvd. #630 - Los Angeles, CA 90025 Office Phone: (310) 571-3600 ext. #203 Fax: (310) 571-3610 Call or email us for information. © 2010 Myers Internet All Rights Reserved Powered by: Myers Internet | Admin Login |