Bridge Loan For Mixed-Use Property

Loan Type:
Bridge Loan
Loan Amount:
$8,595,000
Loan Term:
3 YR
Amortization:
Interest Only
Recourse:
Non-Recourse
LTV:
58.8%

Challenges

Borrower wanted to build out the rooftop space to greatly enhance value of the building, but traditional bank lenders would not provide the additional dollars for that.

Solutions

Flexible future funding. Flexible loan structure. Consolidate outstanding loans and provided capital for building a restaurant.

Stratos Athanassiades

Money360

View Bio

Related Deals

Subscribe to Our Newsletter

Stay up to date on the latest CRE news and trends