$12.8 Million | Industrial
Lansing, MI
- Loan Amount: $12,800,000
- Loan Term: 3 Years
- LTV: 71%
Bridge Loan For industrial Property
- Loan Type:
- Bridge Loan
- Loan Amount:
- $4,050,000
- Loan Term:
- 3 YR
- Amortization:
- Interest Only
- Recourse:
- Non-Recourse
- LTV:
- 75%
Challenges
• Money360 recently closed a $4 million loan on this industrial building. Credit and background issues were among the chief challenges in this deal.
Solutions
• Through due dilligence, we were able to overcome credit and background issues. We gave assurance that we had reviewed and were comfortable issuing LOI knowing everything about the background.
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