$10.46 Million | Industrial
Summerville, SC
- Loan Amount: $10,462,000
- Loan Term: 2 Years
- LTV: 75%
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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