Manufactured Housing In West Sacramento, CA

Loan Type:
Bridge Loan
Loan Amount:
$5,000,000
Loan Term:
3 YR
Amortization:
Interest Only
Recourse:
Non-Recourse
LTV:
46%

Challenges

• Borrower had an unstabilized property, manufactured housing community, and needed a flexible loan structure to refinance his current loan.
• Structuring the underlying land lease was the biggest issue.

Solutions

• Flexible structure was the key.
• Once Money360 understood the deal, we responded with viable structure solutions that the sponsor was happy with.
• Money360 provided innovative lending structure. We are able to be creative and innovative in our structuring deals because our credit team has decades of experience in commercial real estate.

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