Bridge Loan For Multi-Family Property

Loan Type:
Bridge Loan
Loan Amount:
$5,000,000
Loan Term:
2 YR
Amortization:
Interest Only
Recourse:
Non-Recourse
LTV:
63%

Challenges

The borrower needed capital to rehab the property. They needed cash reserves in preparation for agency financing.

Solutions

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.

Ken Wood

Money360

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