Bridge Loan For Office Property

Loan Type:
Bridge Loan
Loan Amount:
$5,250,000
Loan Term:
3 YR
Amortization:
Interest Only
Recourse:
Non-Recourse
LTV:
56%

Solutions

On this transaction, our borrower needed to stabilize the subject property, and he saw the opportunity to downsize to smaller suite sizes by demising larger vacant units. Money360 provided a Rate/Term loan, which included funding for capital improvements as well as TI/LC’s. The key to this transaction was structure, with Money360 providing a custom tailored and flexible loan structure to fit the borrower’s needs. This loan was secured by an 82,000 square foot professional office building located in Madison, AL.

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