- Loan Amount: $5,822,350
- Loan Term: 2 YR
- LTV: 70%
Bridge Loan For Mixed-Use Property
- Loan Type:
- Bridge Loan
- Loan Amount:
- Loan Term:
- 3 YR
- Interest Only
• This repeat borrower was facing a loan maturity and was looking to refinance in order to achieve their business plan. Speed was important.
• The borrower was looking for CapEx funding to finish construction on this 148,000 square foot mixed-use property in order to stabilize the entire portfolio.
• Money360 closed quickly and took out the loan with the previous lender to reduce our borrower’s rate.
• Money360 provided a cash out refinance loan with money held back for CapEx, which allowed our borrower to move forward, stabilize his portfolio and execute his business plan.
Subscribe to Our Newsletter
Stay up to date on the latest CRE news and trends