Bridge Loan For Retail Property

Loan Type:
Bridge Loan
Loan Amount:
$1,500,000
Loan Term:
2 YR
Amortization:
Interest Only
Recourse:
Recourse
LTV:
65.9%

Challenges

• 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.

Solutions

• 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.

David Christensen

Money360

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