$9.9 Million | Retail
St. Petersburg, FL
- Loan Amount: $9,900,000
- Loan Term: 3 Years
- LTV: 45%
• The borrower had a pending loan maturity on a non-stabilized asset.
• They also needed additional capital for tenant improvements.
• Money30 provided the borrower with the initial funding to cover existing debt and additional capital for TI and CapEx.
• We effectively solved this loan maturity on the borrower’s property in transition.
Money360 can create custom bridge loan solutions to finance transitional or unstabilized properties throughout the United States.
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