$11 Million | Hospitality
- Loan Amount: $11,000,000
- Loan Term: 2 YR
- LTV: 75%
• The borrower’s previous lender couldn’t close in time and the borrower was facing a maturity default and needed funds right away.
• The entire Money360 team, from origination to underwriting and closing, worked together to fund this loan in order to meet the borrower’s short time-frame.
• We were able to understand the urgency of the situation and get comfortable with the borrower and property.
• We provided a quick close to ensure the borrower received the proceeds needed.
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