Industrial Property In Oakland, CA

Loan Type:
Bridge Loan
Loan Amount:
$3,600,000
Loan Term:
2 YR
Amortization:
Interest Only
Recourse:
Recourse
LTV:
44%

Challenges

• The borrower had a maturing loan and they needed to pay off existing lender in a short amount of time.
• They needed to refinance out of current loan.

Solutions

• Money360 developed a structure to complete the pre-development work.
• Understanding the unique housing requirements in the city of Oakland and all interested parties helped achieve the goal of the city and sponsor.

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