$12.65 Million | Multifamily
- Loan Amount: $12,645,000
- Loan Term: 24 Months
- LTV: 70%
• The borrower needed capital to rehab the property. They needed cash reserves in preparation for agency financing.
• Money360 provided a cash-out refinance loan that provided a lower rate loan and additional capital needed to resolve a liquidity issue.
• Certainty of execution was crucial to the borrower.
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