San Diego, CA – November 11, 2013 – ABP Capital, a private financial services firm specializing in real estate, lending and banking, is pleased to announce the closing of a $4.465 million bridge loan opportunity secured by premier office space. The loan provided non-recourse financing designed to facilitate the completion of what has been a monumental project within the Temecula community. Located at 41923 2nd Street in Temecula, the Truax Building will add 65,000 square feet of Class A office space with an estimated value of $25 million to the Temecula market.

ABP Capital fills the void for bridge financing created by traditional sources. ABP Capital worked closely with Cassidy Turley Senior Vice President, Gary Goss, to quickly underwrite and close the deal. “My client needed a quick solution to a complex problem and ABP performed on all levels” said Goss, “We have completed several transactions with ABP over the past year and in every deal they have exceeded the borrower’s expectations.”

ABP Capital strives to form a partnership with each client approach rather than an impersonal transactional approach. “Our understanding of the intricacies associated with large construction undertakings such as the Truax Building allowed us to act quickly to address the borrower’s specific needs.” stated ABP Capital’s Managing Member, Michael Persall. “We will continue to work hard to provide borrowers with tailored capital solutions that help jump-start projects similar to this that are plagued by prior lender mal-performance.”