- Loan Amount: $9,900,000
- Loan Term: 3 Years
- LTV: 45%
Bridge Loan For Retail Property
- Loan Type:
- Bridge Loan
- Loan Amount:
- Loan Term:
- 2 YR
- Interest Only
• The borrower’s current loan was maturing and need to payoff their existing lender.
• Because the borrower was paying default interest, they needed to refinance as fast as possible.
• Money360 provided a refinance loan that gave our borrower a lower rate and paid off their existing lender.
• We took the time to understand the current market and borrower’s business plan.
• Through Money360 persistence, the borrower was able to conquer several challenges and hurdles to get the loan closed.
Subscribe to Our Newsletter
Stay up to date on the latest CRE news and trends