Southern California is a place of contrasts, where towering skyscrapers stand alongside picturesque beaches. The bustling metropolis of Los Angeles is home to some of the world’s most iconic skyscrapers, including the U.S. Bank Tower and the Wilshire Grand Center. These towering structures offer breathtaking views of the city and the surrounding area.
Just a short drive from the city, however, lies the sunny coastline of Southern California. The beaches here are famous for their soft sand and crystal clear waters, making them the perfect destination for a relaxing day in the sun. Whether you’re lounging on the beach or taking a dip in the ocean, the scenery is sure to take your breath away.
But Southern California is not only about the beaches and skyscrapers, The region is also home to a diverse array of culture, entertainment, and outdoor activities, making it a popular destination for tourists and locals alike. From visiting world-class museums and art galleries to hiking in the mountains, there’s always something to do in Southern California.
In summary, Southern California offers a unique mix of urban and natural beauty, with towering skyscrapers and idyllic beaches existing side by side. Whether you’re looking for a relaxing beach vacation or an action-packed city adventure, Southern California has something for everyone.
From the towering skyscrapers to the bustling streets, this city never stops moving. Despite the constant activity, there are still moments of serenity to be found among the hustle. A city known for its fast-paced lifestyle and endless entertainment options, allowing visitors to take in the stunning views of the city and the stars above.
The sandy beaches and crystal-clear waters provide a peaceful escape from the city’s hectic pace. The Venice Beach Boardwalk is a popular destination for locals and visitors alike, offering a glimpse into the laid-back lifestyle of Southern California. Whether it’s surfing the waves or simply soaking up the sun, the beach culture in Los Angeles is a unique experience that should not be missed.
The Santa Monica Pier is a historic landmark located in the city of Santa Monica, California. The pier is the end of Route 66 and a famous tourist destination, featuring an amusement park, an aquarium, several restaurants, and shops. The pier is built on pilings and extends out into the Pacific Ocean, providing great views of the ocean, beach, and the surrounding city. The pier is also home to a number of events throughout the year, including concerts, festivals, and other cultural events that take place on the beach, boardwalk, and pier.
Santa Monica Beach is a popular beach located in the city of Santa Monica, California, just west of Los Angeles. The beach stretches for over three miles and is known for its wide, sandy shoreline and clean, clear waters. The beach also features a bike path, which runs along the beach and is popular with bicyclists, runners, and rollerbladers. The beach is surrounded by a wide promenade that is perfect for strolling and people watching, lined with palm trees, benches, and public art.
Venice Beach is a popular beachfront neighborhood located in the city of Los Angeles, known for its lively atmosphere, unique architecture, and diverse community. The beach itself is a wide stretch of sand and surf, popular for swimming, sunbathing, and beach sports. The area is also known for its bohemian vibe and artistic community, with many galleries, studios, and street art on display. Venice Beach is a lively and unique destination that offers something for everyone.
Griffith Park is a large urban park located in the Los Angeles area, covering over 4,300 acres of land. It is one of the largest urban parks in North America and is a popular destination for both locals and visitors to the city. The park is home to many species of plants and animals, and is a great place to see native California flora and fauna. It also has a rich history, including the site of the original Griffith Park, which was donated to the city by Colonel Griffith J. Griffith in 1896.
A Los Angeles night skyscraper picture typically captures the vibrant and dynamic cityscape of LA at night. The picture is likely to showcase the tall and modern skyscrapers that dominate the city’s skyline, illuminated by bright lights and surrounded by the hustle and bustle of the city below. The night sky may also be a prominent feature of the picture, with the stars twinkling above the skyscrapers and adding to the overall feeling of energy and excitement that characterizes Los Angeles at night.
The Staples Center is a large indoor arena located in Los Angeles, California. It is the home of the Los Angeles Lakers and Los Angeles Clippers of the National Basketball Association (NBA), the Los Angeles Kings of the National Hockey League (NHL), and the Los Angeles Sparks of the Women’s National Basketball Association (WNBA).The arena is surrounded by a variety of shops, restaurants, and other attractions, making it a popular destination for visitors to the city.
Welcome to Prima Financial
WHO WE ARE
Since 1991, delivering utmost service and success to our clients, we understand and value your financial needs and goals.
At Prima Financial, we work hard to provide tailored “Turn-Key” solutions while making the porcess fast and easywithout complicated procedures and endless paperwork of other funding sources.
Work with a partner who comes through for you when it matters most, with competitive rates, customized financing solutions, local decision-making, and a dedicated Property team.
Our Commercial Real Estate business unit works with owners, investors, and brokers, customizing loans on a direct or wholesale basis. Our product offerings include construction, term, and bridge loans. You’ll retain direct access to a dedicated Relationship Manager for the life of your loan and beyond.
OUR MISSION
Commercial Real Estate Lending
No mater how complex or simple your application might be, our consultants will find solutions to give you the best options possible.
SBA Lending
Whether your are looking to stat your business or expand your existing business, we have access to some of the industry top SBA government loans and programs.
Additional Capital Programs
We offer a wide range of lending services that banks just cannot offer. Schedule a call with our consultants to learn more.
Commercial Property Types
Multi-Family
Mobile home parks
Industrial
Self-storage
Office & retail
Mixed-use
We offer a broad spectrum of Commercial Real Estate loans
Experienced bankers who understand complex transactions
We are business people first, lenders second, and the consultants you need to get things done
Income Property Banking
Flexible Financing Options
Prima Financial team of experienced Income Property Bankers have a thorough knowledge of today’s multi-family and commercial real estate marketplace.
If you’re looking for permanent financing for a 5+ unit Apartment or other Commercial Real Estate Financing, our Income Property team can tailor the right solution to meet your business objectives.
Construction, Bridge, and Specialty Financing
Customized Financing Solutions to Fit Your Needs
Prima Financial’s structured construction, bridge, and specialty financing group provides flexible solutions to publicly traded companies, private investors, developers, equity funds, and lenders that invest or provide financing for the real estate industry, through an array of lending and treasury management products. We offer facilities, loans, and lines of credit ranging from $3 million to $50 million for clients with significant operational sophistication, experience, equity backing, and the financial wherewithal to execute their business plan.
Construction lending
Bridge/rehabilitation loans
Lender financing
Acquisition lines of credit
At Prima Financial, we specialize in:
With our proven track record of success, we will find the best program that fits your financial needs.
Commercial Real Estate
Equipment Lease
Hotels
Practice Acquisition
SBA
Practice Set-Up
Acquisition
Project Finance
Business Term Loan & Business Line of Credit
Real Estate Development
Commercial Loans
Working Capital Loans
Ready To Get Financing?
Life Insurance Loan Highlights
Eligible Properties:
Multifamily
Office
Warehouse/Industrial
Mixed Use
Retail
Medical/Healthcare
Self Storage
Hotel/Motel
Loan amount range:
Minimum $1,000,000
Interest Rate:
Fixed rates vary.
Loan Term:
5 to 30 year terms available
Amortization:
Up to 30 years
Maximum LTV:
70%
Minimum DSCR
1.25 – 1.35x
Minimum Debt Yield:
8-10%
Recourse:
Can be non-recourse, limited-recourse or full recourse.
Prepayment:
Typical yield maintenance fee, Break Funding or a Declining “step-down” premium
Advantages of Life Insurance CRE Loans
Life insurance commercial real estate loans have several advantages that make them attractive for properties that qualify:
Fixed Interest Rates: Competitive rates that don’t change for the 15 – 30 year terms of these loans.
Non-Recourse And Assumable: Providing individuals with protection and allowing the loan to transfer.
No Limit: Access to millions, as there isn’t an official upper limit to the amount borrowed.
Disadvantages of Life Insurance CRE Loans
Life insurance commercial real estate loans also have disadvantages that render them unable or undesirable when financing some properties:
Grade A: Often only available for newer properties in good repair, and not for properties outside of Class A investment grade.
LTV & DSCR: Some of the most conservative LTV and DSCR requirements for borrowers to meet.
Prepayment Penalties: Frequently have prepayment penalties and aren’t offered for shorter terms that would bypass these penalties.
SBA 7(a) commercial property loans offer business owners adjustable rate loans with up 25 year loan terms. Loans are up to $5 million and are typically full-recourse. The SBA 7(a) loan program is the Small Business Administration's primary way of helping small businesses secure financing. These are the most common types of loans that the SBA guarantees, and the administration guarantees tens of thousands of them each year. While businesses must meet strict criteria to qualify, many small businesses -- including many real estate businesses -- are eligible for SBA 7(a) loans.SBA 7A FAQ’s The Small Business Administration doesn’t directly underwrite loans but instead provides guarantees through a variety of programs. The name for the...
SBA 504 loans for commercial real estate offer business owners fixed-rate interest, long amortization and no balloon payments. Loans are up to $5 million and LTV’s can be up to 90%. SBA 504 loans help businesses grow and create jobs by offering small businesses an avenue for affordable business financing. Through the 504 loan program, small businesses have access to long-term, fixed-rate financing, which they can use to expand or modernize their business. Non-profit corporations that work with the SBA and participating lenders, called Certified Development Companies (CDCs), provide financing to small businesses. CDCs are regulated and certified by the SBA.SBA 504 Loans FAQ’s Through the 504 Loan, 40% of the total project costs must come...
Traditional banks and credit unions offer the most prevalent variety of commercial real estate loans, encompassing multifamily properties. These loan programs cater to a wide range of investment property types and grant investors significant flexibility in their endeavors. Conventional commercial loans are flexible mortgage solutions that are provided by a bank, credit union, or savings institution that can be used to finance a range of commercial properties. Both novice and experienced commercial property owners may use these loans as the first-lien financing on a commercial property.Commercial Bank Loans FAQ’s Conventional commercial loans act as a primary lien against a financed property, and the time frame is usually medium- to...
Multifamily CMBS loans cater to a variety of investment properties, spanning residential, commercial, and industrial sectors, among others. Loan sizes typically span $1 million to $1 billion. Commercial mortgage-backed securities (CMBS) loans are some of the most common ways to finance U.S.-based commercial real estate projects. The loans are widely available for nearly all types of commercial properties, and they have some notable advantages over other kinds of commercial property loans. CMBS loans are also referred to as "conduit loans" because of how they're resold as securities. The loans are frequently packaged together and resold to investors as fixed-income investments. Thus, the loans are essentially resold as bonds and provide...
Multifamily bridge loans offer interim funding, bridging gaps during property acquisition or renovation. These short-term finances aid real estate investors and businesses in various sectors purchasing properties. Commercial bridge loans are a short-term financing solution that’s widely used within the real estate industry. House flippers, real estate developers and real estate investors all use these loans to “bridge” a gap when purchasing or renovating a wide array of properties. Even businesses in other industries may take out a commercial real estate bridge loan if they purchase a new property. These loans are a type of “hard money loan,” for they’re secured by tangible property (i.e. real estate). Because of the short time frames of...
Fannie Mae loans are specialized financial products designed for multifamily investors. They offer long-term, fixed-rate financing options with competitive interest rates. These loans are ideal for various investment strategies, including the acquisition, refinancing, or redevelopment. For commercial real estate investors, Fannie Mae Multifamily loans may prove to be a feasible way of obtaining lower costing financing. It is one of the largest sources of capital within this market in the U.S. Utilizing the Fannie Mae lending platform allows individuals to purchase and refinance multi-family homes, including senior housing, student housing, 5 or more unit apartments, and numerous other styles. Investing using this financial tool is an...
Freddie Mac loans serve as a robust financing solution for multifamily investors. They offer a range of fixed and floating-rate options with varying terms, often at competitive rates. These loans are versatile, supporting activities like property acquisition, refinancing, and even renovation or redevelopment projects. Freddie Mac offers a diverse portfolio of loan products that can be used for the acquisition or recapitalization of multifamily housing. For multifamily projects that meet program requirements, Freddie Mac is often the preferred program regardless of the specific type of housing. It’s widely used to purchase and refinance small and large projects of different housing types.Freddie Mac Multifamily Loans FAQ’s The Federal Home...
FHA/HUD loans are government-backed financial instruments specifically designed for multifamily investors. They offer long-term, fixed-rate financing with the added security of federal backing. They are well-suited for those looking to invest in stable, cash-flowing assets while mitigating risk through government assurance. FHA loans offer some of the most generous terms of any commercial real estate loans. Their high allowed leverages, low interest rates and long available terms make HUD/FHA loans attractive to investors who are purchasing, building or renovating qualifying multifamily properties. Few other loan programs match what HUD and the FHA offer. FHA/HUD Multifamily Loans FAQ’s The Department of Housing and Urban...
Life insurance loans can fund various multifamily investments, but usually require top condition properties. These loans are typically for Grade A properties with low LTV and high DSCR. Many life insurance companies underwrite commercial real estate loans, either individually or in cooperation with other life insurance providers. The purpose of these loans is to provide the life insurance company with some returns, while significantly mitigating their risk exposure through diversification. That purpose or risk mitigation is the underlying factor in virtually all aspects of these loans. If you are looking for a long-term and low-rate commercial real estate loan, a life insurance company might have the right financing for your project.Life...
SBA 7(a) commercial property loans offer business owners adjustable rate loans with up 25 year loan terms. Loans are up to $5 million and are typically full-recourse. The SBA 7(a) loan program is the Small Business Administration’s primary way of helping small...
SBA 504 loans for commercial real estate offer business owners fixed-rate interest, long amortization and no balloon payments. Loans are up to $5 million and LTV’s can be up to 90%. SBA 504 loans help businesses grow and create jobs by offering small businesses an...
Traditional banks and credit unions offer the most prevalent variety of commercial real estate loans, encompassing multifamily properties. These loan programs cater to a wide range of investment property types and grant investors significant flexibility in their...
Multifamily CMBS loans cater to a variety of investment properties, spanning residential, commercial, and industrial sectors, among others. Loan sizes typically span $1 million to $1 billion. Commercial mortgage-backed securities (CMBS) loans are some of the most...
Multifamily bridge loans offer interim funding, bridging gaps during property acquisition or renovation. These short-term finances aid real estate investors and businesses in various sectors purchasing properties. Commercial bridge loans are a short-term financing...
Fannie Mae loans are specialized financial products designed for multifamily investors. They offer long-term, fixed-rate financing options with competitive interest rates. These loans are ideal for various investment strategies, including the acquisition, refinancing,...
