- Loan Amount: $5,635,000
- Loan Term: 3 Years
- LTV: 67%
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.
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