- Loan Amount: $10,462,000
- Loan Term: 2 Years
- LTV: 75%
Industrial Property In Houston, TX
- Loan Type:
- Bridge Loan
- Loan Amount:
- Loan Term:
- 3 YR
- Interest Only
• Need for a lender to work quickly to accomplish a moderately complicated credit facility restructure and coordinate with other parties, including non-real estate lenders, to close the financing.
• Money360 management’s depth of finance experience helped facilitate the transaction in a timely fashion with no “getting up to speed” on private equity corporate acquisition financing structures.
• Money360 provided a $10 million refinance loan to partially replace higher interest rate and future hyper-amortizing debt placed as part of a private equity acquisition of a leading oil and gas drilling component company.
• The collateral for the loan is the company’s 113,155 square foot headquarters in Houston, Texas. The subject industrial property was constructed in 2014 and provided an excellent asset for acquisition financing restructure.
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