Top California Lender closed two significant acquisition loans totaling $7.8 million. These deals highlight the company’s swift action under urgent circumstances, stepping in to close both transactions simultaneously to enable the investors to move quickly and secure the properties.
The first deal, a $5 million acquisition loan, enabled a returning local investor to secure a prime retail property in Denver's RiNo Art District. This 25,000-square-foot mixed-use building, located near Brighton Boulevard’s iconic street art murals and breweries, is slated for revitalization into a vibrant retail and creative space, capitalizing on the neighborhood’s growing demand. The second deal, a $2.8 million acquisition loan, supported a returning investor in purchasing a 15,000-square-foot office building in Austin’s Domain area, near upscale retail and tech hubs, with plans to modernize it for high-demand tenants. Both loans feature competitive interest rates—9.5% for Denver and 9.2% for Austin—with flexible terms up to 48 and 36 months, respectively, tailored to meet the tight timelines.
The urgency of these deals required Top California Lender to act with remarkable speed, coordinating resources to close both acquisitions on the same day. This rapid response ensured these trusted return clients could seize these critical opportunities despite the sudden funding gap. “Closing $7.8 million in loans today under such tight pressure showcases our team’s dedication to delivering fast, reliable financing for thriving markets like Denver and Austin, especially for our loyal clients,” said Jerry Dean, Chief Executive Officer of Top California Lender. “It’s great to see this loan helping our client tackle the ups and downs of building something special for Frisco, especially under such pressure,” said Jerry Dean, Chief Executive Officer of Top California Lender.