- Loan Amount: $19,920,000
- Loan Term: 3 YR
- LTV: 59%
Bridge Loan For Office Property
- Loan Type:
- Bridge Loan
- Loan Amount:
- Loan Term:
- 3 YR
- Interest Only
• 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.
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