- 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 had a need for higher proceeds and a loan that had already matured.
• The borrower didn’t want to incur penalties.
• The borrower needed financing for property improvements including tenant improvements/leasing commissions.
• The borrower was looking for speed, certainty and a quick close.
• On a recent deal, Money360 was able to quickly close our borrower’s loan by resourcefully utilizing reports from previous lenders, which enabled him to avoid incurring penalties.
• The loan was secured by a 121,070 square foot retail building in Lake Charles, Louisiana.
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