- Loan Amount: $10,462,000
- Loan Term: 2 Years
- LTV: 75%
Bridge Loan For Industrial Property
- Loan Type:
- Bridge Loan
- Loan Amount:
- Loan Term:
- 3 YR
- Interest Only
• 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.
• 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.
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