$23.15 Million | Office
- Loan Amount: $23,150,000
- Loan Term: 36 Months
- LTV: 75%
• The borrower was facing a maturing CMBS loan and had a hard deadline to close.
• They were also looking for additional capital for tenant improvements.
• This repeat broker brought this opportunity to Money360 because we have performed in the past and that gave him the peace of mind we would close on schedule.
• Money360 provided a bridge loan that paid off the borrowers maturing CMBS loan.
• Certainty of execution was very important to the borrower and he knew Money360 would deliver.
• In addition to paying off the borrowers maturing loan, we provided a loan structure that gave the borrower additional proceeds for tenant improvements.
Stay up to date on the latest CRE news and trends