- Loan Amount: $23,150,000
- Loan Term: 36 Months
- LTV: 75%
Bridge Loan For Office Property
- Loan Type:
- Bridge Loan
- Loan Amount:
- Loan Term:
- 3 YR
- Interest Only
• 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.
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