- Loan Amount: $12,800,000
- Loan Term: 3 Years
- LTV: 71%
Bridge Loan For Industrial
- Loan Type:
- Bridge Loans
- Loan Amount:
- Loan Term:
- 3 Years
- Interest Only
• The borrower was looking for a $7,430,000 acquisition loan that will provide them with capital to fund future leasing costs and a CAPEX renovation program.
• They were looking for a lender that would provide a custom-tailored flexible loan structure that would help them fully execute their business plan.
• The borrower needed a quick close with certainty of execution on this hard-closing date purchase.
• Money360 provided a smooth and quick loan closing process that gave the borrower peace of mind their loan would fund as promised.
• The loan structure includes future funding and CAPEX to renovate and add value to the property so the borrower can roll rent to market levels. It also includes a three-year term with an additional two (2) 12-month extension options.
• The borrower has experience in renovating and adding value to flex industrial properties in this market. Money360 worked with the borrower to create a custom-tailored, flexible loan structure that will help them accomplish their business objects.
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