Bridge Loan For Retail Property

Loan Type:
Bridge Loan
Loan Amount:
$7,085,000
Loan Term:
2 YR
Amortization:
Interest Only
Recourse:
Non-Recourse
LTV:
68%

Challenges

• The borrower was looking for a cash-out refinance on a currently unencumbered property that would allow him to buy out a current partner and provide additional proceeds for CapEx and tenant improvements.

Solutions

• Money360 provide flexibility for a partner buy out and additional capital for CapEx and Tenant improvements.
• We were patient with the borrower as he worked on leasing the property and gave him the peace of mind we would execute on schedule.

David Christensen

Money360

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