Bridge Loan For Office Property

Loan Type:
Bridge Loan
Loan Amount:
$4,470,000
Loan Term:
2 YR
Amortization:
Interest Only
Recourse:
Non-Recourse
LTV:
69%

Challenges

• The borrower had a maturing loan and needed to refinance out of a higher interest rate
• High loan to original cost

Solutions

• Money360 refinanced a higher rate loan on a stabilized property for an entrepreneurial owner operator
• Provided surety of execution and a quick close

Ken Gaitan

Money360

View Bio

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