Retail Property In Christiansburg, Virginia

Loan Type:
Bridge Loan
Loan Amount:
$4,200,000
Loan Term:
2 YR
Amortization:
Interest Only
Recourse:
Recourse
LTV:
75%

Challenges

• The borrower needed a cash-out refinance from a property they owned to purchase a similar building.

Solutions

• Timing and surety of execution were very important for this borrower.
• Money360 gave the borrower the peace of mind we were going to close on schedule with the proceeds needed to purchase the building.

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