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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