$23.15 Million | Office
- Loan Amount: $23,150,000
- Loan Term: 36 Months
- LTV: 75%
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.
Money360 can create custom bridge loan solutions to finance transitional or unstabilized properties throughout the United States.
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