Hospitality Property In Irving, TX

Loan Type:
Bridge Loan
Loan Amount:
$14,000,000
Loan Term:
3 YR
Amortization:
Interest Only
Recourse:
Non-Recourse
LTV:
66%

Challenges

• The borrower’s previous lender couldn’t close in time and the borrower was facing a maturity default and needed funds right away.

Solutions

• 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.

Ken Gaitan

Money360

View Bio

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