Office Property In Darien, CT

Loan Type:
Bridge Loan
Loan Amount:
$5,250,000
Loan Term:
3 YR
Amortization:
Interest Only
Recourse:
Recourse
LTV:
57%

Challenges

• The borrower had a hard deadline and was looking to refinance their high interest rate loan with their current lender.
• They also needed additional capital for tenant improvements and CapEx for property improvement.

Solutions

• Money360 provided refinance loan with a flexible loan structure that enabled the borrower to not only keep the property, but we also provided additional capital for tenant improvements and CapEx.

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