Bridge Loan For Office

Loan Type:
Bridge Loan
Loan Amount:
$10,765,000
Loan Term:
3 Years
Amortization:
Interest Only
Recourse:
Non-Recourse
LTV:
57%

Challenges

• The borrower was looking for a refinance loan to take out their construction loan.
• The property was undergoing initial lease-up and the borrower was looking for a loan structure that would facilitate the remaining lease-up and stabilization of the property.
• The borrower was looking for a flexible loan structure that included TIs/LCs to help them successfully execute their business plan.

Solutions

• Money360 provided funds to pay off the construction loan and additional capital for TIs/LCs to stabilize the property.
• The loan structure includes future funding to stabilize the property. It also includes a three-year term with an additional two (2) 12-month extension options.
• The borrower needed a custom-tailored loan structure that would provide the flexibility needed to stabilize and lease up the property.

This loan is secured by 40,463 square-foot office building located in located in Portland, OR.

Cade Vander Broek

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