$9.9 Million | Retail
St. Petersburg, FL
- Loan Amount: $9,900,000
- Loan Term: 3 Years
- LTV: 45%
• 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.
• 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.
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