Bridge Loan For Retail Property

Loan Type:
Bridge Loan
Loan Amount:
$13,500,000
Loan Term:
2 YR
Amortization:
Interest Only
Recourse:
Non-Recourse
LTV:
70%

Challenges

• The borrower was looking to refinance their loan with a friendly lender that would take the time to understand their needs and provide friendly terms.
• The borrower needed a loan structure that provided capital necessary for CapEx and tenant improvements/leasing commissions (TI/LC).

Solutions

• This repeat borrower needed financing with similar terms as past loans with Money360. He trusted we would deliver as promised and provide a loan structure to help him execute his business plan successfully.
• The loan is secured by a 134,975 square foot, 18-unit, grocery anchored retail center in Louisville, KY.

Stratos Athanassiades

Money360

View Bio

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