- Loan Amount: 3,700,000
- Loan Term: 1 YR
- LTV: 74.1%
Office Property In Newport Beach, CA
- Loan Type:
- Bridge Loan
- Loan Amount:
- Loan Term:
- 1.5 YR
- Interest Only
Maturity default on Class A Medical office In Orange County, CA.
Money360 recently closed this $17.5 million cash-out refinance on a two-building medical office in Newport Center (Fashion Island), CA. The sponsor needed to close quickly, but more importantly, he needed surety of execution. 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.
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