DALLAS – Direct Commercial lender Grand Pacific Financing Co. has officially become licensed to lend in the Great State of Texas, offering up to 80% Loan-to-value (LTV) on residential investments and up to 75% on commercial properties. For construction loans, they provide up to 75% LTV or 80% Loan-to-Cost (LTC), and for land deals, they consider up to 50% financing.

The lender hit the ground running upon landing in the Lone Star State, closing a $1,000,000 Cash Out deal on a commercial strip mall in Katy, Texas in just 3 weeks, along with a $1,300,000 Cash Out Refinance deal on an office building in New Braunfels. They quickly followed this success by closing a $4,060,000 Refinance deal on a retail property located on the incredibly popular South Congress Avenue in Austin, Texas, despite the subject business’ current financial struggles, high LTV, and the investor being out of state.

Grand Pacific’s utilization of payment reserve allows them to work with clients despite their current financial situation. Their Debt Service Coverage Ratio (DSCR) requirement is set at 1.0x, but if it’s below that, they can structure the loan with a payment reserve to further leverage financing.

The lender’s in-house credit committee is composed of a diverse group of seasoned business professionals that understand business owners and investors need quick decision making and fast funding. The committee is involved with the deal starting on day one of the inquiry and can give a response to whether the deal can be made within 24-48 hours.

The company has been in business for over 40 years and lends on a global level, serving not just multiple states in the United States, but also multiple countries in Eastern Asia including Tawain, Thailand, and Vietnam. Grand Pacific is a direct subsidiary of Chailease Holdings Company, which employs over 5,700 bright and motivated individuals worldwide.

If you have an inquiry or any questions about Grand Pacific’s loan programs, you can reach the Texas office by calling (817) 329-5089, or the California office by calling (323) 780-8881. You are also encouraged to visit their website, www.gpusa.com, to learn more about the company’s programs, staff, and history.

In the United States, Grand Pacific is currently lending in California, Texas, and Washington.

California Office: 901 Corporate Center Drive, #300, Monterey Park, CA 91754 (323) 780-8881                        

Texas Office: 6275 West Plano Parkway, #5168, Plano, TX 75093 (817) 329-5089  

Contact Us! Vincent Trinh – Vice President, Marketing Manager www.gpusa.com | (626) 537-0678 | Vincent.Trinh@gpusa.com