Mixed-Use Property In Indianapolis, IN

Loan Type:
Bridge Loan
Loan Amount:
$6,000,000
Loan Term:
2 YR
Amortization:
Interest Only
Recourse:
Non-Recourse
LTV:
62%

Challenges

• The borrower had a Unique opportunity to purchase their current loan at par.
• They were also looking for additional TI money to do tenant improvements for a lease they had in hand.

Solutions

• Money360 provided a loan that allowed the sponsor to payoff their current lender and provide the TI’s needed for a tenant that is moving in and for additional leasing.
• The property was initially used as a retail, but the sponsor needed the TI funds for the changing property type to the medical/office tenant.
• We provided more TI dollars because we understood the need to make this change.

Stratos Athanassiades

Money360

View Bio

Related Deals

Subscribe to Our Newsletter

Stay up to date on the latest CRE news and trends