$23.15 Million | Office
Carmel, IN
- Loan Amount: $23,150,000
- Loan Term: 36 Months
- LTV: 75%
• The borrower’s loan was maturing and the lender was no longer doing these types of loans or lending on this type of asset and they were not willing to extend.
• The borrower had a hard maturity date and needed more time to sell the property.
• We were able to get comfortable with the ground lease and provided certainty of execution for the borrower.
• Speed was also very important to the borrower and we provided that.
Money360 can create custom bridge loan solutions to finance transitional or unstabilized properties throughout the United States.
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