$12.65 Million | Multifamily
Denver, CO
- Loan Amount: $12,645,000
- Loan Term: 24 Months
- LTV: 70%
• The borrower needed an acquisition loan to purchase an unstabilized 54-unit multifamily property in Detroit, MI.
• As part of their business plan, they needed capital to stabilize the property in order to qualify for agency financing.
• We understood the borrower’s business plan and created a flexible loan structure that provided acquisition capital and Capex funds used to stabilize the property.
Money360 can create custom bridge loan solutions to finance transitional or unstabilized properties throughout the United States.
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