Bridge Loan For Industrial Property

Loan Type:
Bridge Loan
Loan Amount:
$27,522,500
Loan Term:
3 YR
Amortization:
Interest Only
Recourse:
Non-Recourse
LTV:
75%

Challenges

• The borrower was looking to refinance their current construction loan and found themselves in a difficult situation with their in-place lender and didn’t have the capital necessary to execute their business plan.
• The collateral, a brand new Class A 231,000 square foot warehouse, was 50% leased with the rent roll not yet stabilized.

Solutions

• Money360 took the time to understand the borrower’s business plan and utilized organizational local knowledge and expertise to overcome challenges with the previous lender and capital concerns.
• Through due diligence, we understood this to be a strong sponsor, which allowed us to move forward with the confidence that with the right lender, they would be successful executing their business plan.

Nicolas Jans

Money360

View Bio

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