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often have you seen a great deal but thought you didn't have enough
money to purchase the property? 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 these products are:
 | Mezzanine Financing- Typically structured as a 2nd Trust Deed or a loan to a LLC or other single asset entity. Rates typically range from 9.5 % to 14 %. Mezzanine debt can provide up to 90 % of the project cost. |
| Equity Financing - Can provide additional equity up to 100 % of project cost. All transactions are priced based on the risk assessment of the fund used. These loans are typically structured with a preferred return and a percent of the profits from the project. |
| 100 % Debt Financing - For the truly incredible property, 100 % debt financing can be considered. For example, if you're a developer who wants to build a shopping center, if you have strong pre-leasing activity, this loan can be the answer to your dreams. |
| Recent Loan Placements
1) 21,000,000 Mixed-Use Condominium/Office San Diego, CA
2) $3,000,000 Sunset View Apartments in Pacific Palisades,
CA
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CA Dept of Real Estate License 01144023
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