$23.15 Million | Office
- Loan Amount: $23,150,000
- Loan Term: 36 Months
- LTV: 75%
• The borrower needed to payoff their construction loan and stabilize the property, which was only 20% occupied.
• The borrower completed construction on brand new 50,000 square foot, Class A medical office buildings located in Voorhees, NJ and required capital for TI/LC’s (Tenant Improvements & Leasing Commissions).
• Money360 provided initial loan proceeds to refinance existing debt and additional capital for CapEx and TI/LC’s.
• Money360 provided a custom tailored & flexible loan structure to fit the borrower’s needs. This accommodation allowed the borrower to move forward with one major tenant in place prior to closing.
Money360 can create custom bridge loan solutions to finance transitional or unstabilized properties throughout the United States.
Read MoreStay up to date on the latest CRE news and trends
Our site uses cookies. By continuing to use our site, you are agreeing to our Privacy Policy
Ok, I understand