$7.4 Million|Industrial

Challenges

• 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.

Solutions

• 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.