$23.15 Million | Office
- Loan Amount: $23,150,000
- Loan Term: 36 Months
- LTV: 75%
• The borrower was looking to refinance their current loan and needed additional proceeds for tenant improvements and leasing costs.
• The building was only 56% occupied.
• This deal required a lender that understood the business plan and had confidence the sponsor could successfully execute.
• We provided a cash-out refinance loan with a flexible structure that provided the sponsor the flexibility they needed to lease up this 81,000 square foot, Class A office building located in Frederick, MD.
• Surety of execution was vital to the sponsor, they trusted that Money360 would close as promised.
Money360 can create custom bridge loan solutions to finance transitional or unstabilized properties throughout the United States.
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