$9.5 Million | Mixed-Use
Norwalk, CT
- Loan Amount: $9,500,000
- Loan Term: 3 YR
- LTV: 74%
Mixed-Use Property In Milwaukee, WI
- Loan Type:
- Bridge Loan
- Loan Amount:
- $2,000,000
- Loan Term:
- 2 YR
- Amortization:
- Interest Only
- Recourse:
- Recourse
- LTV:
- 70%
Challenges
• The borrower needed a quick closing and surety of execution, so they could purchase the property on schedule.
Solutions
• Money360 provided surety of execution and a quick close that gave the borrower the peace of mind that their loan would close on schedule.
• The borrower received the proceeds needed to purchase the property with attentional funds for tenant improvements.
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