- Loan Amount: $7,600,000
- Loan Term: 3 Years
- LTV: 60%
Bridge Loan For Mixed-Use Property
- Loan Type:
- Bridge Loan
- Loan Amount:
- Loan Term:
- 2 YR
- Interest Only
• The borrower needed funds for the purchase and renovation of a vacant 43,000 square foot office building located in downtown Sacramento, CA.
• Their business plan included transforming the vacant building into a stabilized mixed-use office-retail property.
• Money360 provided maximum proceeds at closing for the purchase and sufficient CapEx funds to renovate the building.
• The loan was structured to give the sponsor the ability to sucessfully implement their business plan.
• Money360 was awarded this deal based on certainty of execution; the borrower had issues with their previous lender and chose us because they knew we would deliver.
Subscribe to Our Newsletter
Stay up to date on the latest CRE news and trends