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  Past Loan Fundings
First Financial Bancorp has funded loans in many states around the nation. Some of our past funded loan transactions include the following properties:
* An LLC (Borrower) / El Segundo, Calif. Apartment Building - $4,450,000 (10 year fixed rate loan). * An individual investor (Borrower) / Los Angeles, Calif. Apartment Building - $8,600,000 (15 year fixed rate loan). * A 90% Loan To Value Purchase Loan - $956,000. Owner User for an Industrial Building in Van Nuys, CA. Interest Rate: Prime Rate Minus .125% (5.125%). 10 Year Fixed, 25 Year Term. * A small business owner (Borrower) / Culver City, Calif. Light Industrial Property - $1,200,000 (10 year fixed rate loan). * An LLC (Borrower) / El Segundo, Calif. Single Tenant/Purchase Bridge Loan - $9,475,000. * An LLC (Borrower) / Hollywood, Calif. 19 unit Townhome Construction Loan - $8,450,000. * An LLC (Borrower) / Studio City, Calif. 9 unit Condominium Construction Loan - $3,100,000. * A family trust (Borrower) / Los Angeles, Calif. Apartment Building - $2,500,000 (cash out refinance, 10 year fixed interest only loan). * An individual owner of a Chula Vista, Calif. Self Storage Facility - $2,600,000 purchase loan. * An individual owner of a Northern California Self Storage Facility - $1,800,000 (cash out refinance). * A Santa Monica, Calif. Office Building/Executive Suites - $5,500,000 (10 year fixed rate loan). * A resort hotel in San Luis Obispo, Calif. - $16,250,000 (10 year fixed rate loan). * A portfolio purchase loan of a small chain of hotels - $9,250,000. * An individual hotel owner (Borrower) / Monterey Park, Calif. - $9,000,000. * Days Inn Portfolio / A Blanket Mortgage secured by several hotels in Arizona and Nevada - $10,500,000. * An individual purchase loan for a Bangor, Maine Hotel - $6,200,000. * A Southern California single family home tract development loan - $6,000,000+ (up to 91% loan to costs which included the purchase of the land and all of the development fees). * An individual Holiday Inn in Santa Monica, Calif. - $16,000,000. * A hotel plaza in Charleston, South Carolina - $13,000,000. * A medical office building in Philadelphia, Penn - $7,600,000 purchase loan. * Bridge Loan - 38 unit apartment building in Palms, Calif. 75% LTV, .83 Debt Coverage Ratios, 6.75% 5 year fixed (interest only) - $5,700,000. * Bridge Loan - 19 unit apartment building in Sherman Oaks, Calif. 71% LTV, .74 Debt Coverage Ratio, 7.25% 3 year fixed (interest only) - $3,300,000. * Bridge Loan - Empty office building in El Segundo, Calif. 75% LTV, 7.5% 3 year fixed (interest only) - $2,400,000. * Bridge Loan - Two Triplexes. The short term, bridge loan was based upon the land value for future construction lending purposes. 70% LTV, 9.9% (interest only) - $2,485,000.
We have also funded several other recent bridge, equity, and mezzanine transactions in various states. Whether your loan is $1 million or $100 million plus, we have the financial capabilities to help you fund your loan request. Please send us your loan scenario TODAY to see how we can help you with one or more loan options.  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 |