Office Property In Newport Beach, CA

Loan Type:
Bridge Loan
Loan Amount:
$17,250,000
Loan Term:
1.5 YR
Amortization:
Interest Only
Recourse:
Recourse
LTV:
75%

Challenges

• Maturity default on Class A Medical office In Orange County, CA.
• The sponsor needed to close quickly, but more importantly, he needed surety of execution.

Solutions

• Money360 recently closed this $17.5 million cash-out refinance on a two-building medical office in Newport Center (Fashion Island), CA.
• Based on the broker’s prior success with Money360 he brought this deal straight to us instead of shopping it around.
• He knew we would close on time and as planned after the kick-off call.
• This was a highly customized loan structure. Prepayment flexibility and creative structure were important considerations for the sponsor.

Ken Gaitan

Money360

View Bio

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