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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