Delivered Fast Refinance Capital For A Growing North Hollywood Contractor
Service:
Loan Strategy
Client:
General Contractor
Funded:
3 weeks
Date:
“Thanks to GlassBox Lending and Peter, I secured funding exactly when I needed it most.”
Elizabeth R.
Business Owner
The Challenge
Bank Delays and Cash‑Flow Requirements Threatened a High‑Value Contract
After securing a large City of Los Angeles contract, the client urgently needed capital to onboard workers, purchase equipment, procure materials, and cover payroll. Even with significant equity in his North Hollywood industrial building, a bank cash‑out refinance of $1.2M would require extensive financials and months of review. With business cash flow unlikely to qualify, traditional financing was not an option—and the client risked losing the contract due to lack of working capital.
Our Approach
An Equity‑Driven, Fast‑Moving Refinance Tailored to the Client’s Timeline
1. Evaluated the Building Based on Real Equity Strength
Underwrote the asset at $2,200,000 based on market and property analysis.
Focused on collateral value rather than business income or cash flow.
2. Structured a $1,200,000 Cash‑Out Loan
Provided the liquidity needed to hire employees and mobilize the project.
Covered materials, payroll, equipment costs, and startup labor needs.
3. Removed Bank‑Style Obstacles and Documentation Burdens
Eliminated the lengthy financial review the bank required.
Avoided the debt‑service underwriting that would have stopped the deal.
4. Closed in Three Weeks So the Client Could Accept the Contract
Delivered the funds before the client’s acceptance deadline.
Ensured he could begin work immediately and retain the contract opportunity.
Video Presentation
The Best-Dressed Lender says…
The Results
A Fast, Equity‑Driven Solution That Kept the Project Alive
Provided $1,200,000 in cash‑out funds against a $2,200,000 property valuation.
Delivered capital in three weeks, fast enough for the client to accept the contract.
Enabled the hiring of new employees and covered payroll, materials, and equipment costs.
Avoided bank delays, financial documentation burdens, and business cash‑flow requirements.
Preserved the client’s ability to start the project on time without jeopardizing the award.
Testimonial
“I couldn’t have started this project without GlassBox Lending. Peter Steigleder — honestly the Best Dressed Lender — understood the urgency and moved faster than any traditional lender. Their equity‑based approach gave me the $1.2M I needed to staff up, buy materials, and launch the job. I’m extremely thankful for their professionalism and creative thinking.”
Elizabeth R.
Business Owner
