- Loan Amount: $13,500,000
- Loan Term: 2 YR
- LTV: 70%
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.
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