Bridge Loan For Office Property

Loan Type:
Bridge Loan
Loan Amount:
$15,700,000
Loan Term:
2 YR
Amortization:
Interest Only
Recourse:
Non-Recourse
LTV:
73%

Challenges

• Borrower had a maturing loan and needed a quick close.
• Borrower was seeking capital to refinance and stabilize their property.

Solutions

• Money360 provided a floating rate Cash-Out Refinance loan with funds for tenant improvements and leasing commissions.
• Surety of execution we would close on time with necessary funding.

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