Robert Abbasi, President of RTI Bridge Loans, marks 2023 with the successful completion of several bridge loans, and the 2nd trust deeds.
— Robert Abbasi
KARDENA, CALIFORNIA, UNITED STATES, January 19, 2023 /EINPresswire.com/ — RTI Bridge Loanowner Robert Abbasi report some bridge loan and other types of loans to close in the first ten days of 2023. RTI Bridge Loans is using more than thirty years of business connections to create the ability of private individuals and commercial businesses to provide financing for bridging loans, 1st and 2nd trust deeds, and hard money loans for investors and property owners.
“2023 is off to a strong start like 2022! We don’t see any problems closing loans on time, regardless of the current high interest rates or the slowdown in home sales, “said Robert Abbasi, President of RTI Bridge Loans.
Here are some recent closings of different types of loans and requirements:
City of Industry, CA:
The borrower was seeking a loan of $2,750,000 to purchase a manufacturing facility in the City of Industry with plans to occupy the facility and expand their business. The borrower accepted an SBA 504 loan at 90% LTP, however, the process with the bank was delayed, risking the high six-dollar deposit of the borrower if the transaction is not closed on time . RTI arranged a $2,460,000 1st Trust Deed and financed a $290,000 2nd Trust Deed loan to complete the capital investment that would allow the borrower to seize this investment opportunity.
Foothill Ranch, CA, and Cota De Caza, CA:
A borrower who has been in the telecommunications industry for a long time was looking for a $850,000 2nd TD loan on two houses to get a business letter/asset to generate more income for their business. RTI financed an $850,000 2nd Trust Deed loan on the borrower’s two properties so they could seize their savings opportunity.
La Jolla, CA:
The borrower was seeking a $600,000 TD 2nd loan on a single-family home in La Jolla to purchase 4 concrete mixer trucks for his business and to finance additional work. The lender made a large investment to secure the trucks which is doing a quick transaction because the trucks are being sold at a good price and the demand is high. RTI financed a $600,000 2nd Trust Deed to allow the borrower to immediately purchase the vehicles needed for their business and investment.
About RTI Bridge loans:
RTI Bridge Loans is a direct lender, focused on short-term bridge loans secured by first and second lien deeds on California real estate. Since 2004, RTI Bridge Loans has processed hundreds of millions of dollars in loans for our clients, many of whom continue to use our services for their land financing.
Our roots date back to 1986, when our President, Robert Abbasi, founded RTI Properties to buy real estate in Los Angeles County. What started as a personal investment has now become a community real estate company that, through its partners, owns and manages many homes, hotels, shops, offices, and warehouses around the country.
About Robert Abbasi:
Robert Abbasi has over 30 years of extensive business experience. He began his career in 1983 as an Investment Consultant focusing on residential and commercial properties before moving on to form RTI Properties. Earning his Executive MBA from the University of Southern California (USC), where he graduated with distinction, he spent his entire professional career in real estate investment and business management, completing the billions of dollars worth of transactions—that’s a big number. for his investment.
A popular speaker and panelist on real estate and news, and mentor to many in the industry, Robert Abbasi is best known for his honesty, insight, and follow through. He gained his position by sharing his investment and management techniques with new and experienced real estate professionals.
Under the leadership of Robert Abbasi, RTI Bridge Loans has quickly become a leading player in the industry. We pride ourselves on being one of the most experienced lenders in California, serving Los Angeles, Orange County, and cities throughout California. Over the years, we have established a distinguished reputation for responsiveness, efficiency, and delivery of “guaranteed fulfillment” for our borrowers and customers. Our deep and long-term knowledge of almost every aspect of the real estate business allows us to find the right solution for your projects.
Quality, expertise, and speed are at the core of our business, which is why we offer a fast application process, fast approval, and direct financing for your various real estate projects and transactions. At the same time, we do not require reviews or third-party reports, and we have no prior sanctions. Such qualifications may be required by ordinary investors; however, we choose to take a specific approach to real estate financing. Our many years of experience in the industry allow us to carefully analyze your situation and find a solution for your project through asset-based loans with competitive interest rates.
For RTI Bridge Loans, success begins when your real estate projects can move forward. No matter the size of the project, no matter how challenging, our expert team looks forward to advising you on the best course of action and solutions for your needs. school. Contact our experts at (562) 857-2285 and we’ll work with you to find the best options for your situation.
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