- Loan Amount: $4,399,375
- Loan Term: 2 YR
- LTV: 71%
Multifamily Property In Detroit, MI
- Loan Type:
- Bridge Loan
- Loan Amount:
- Loan Term:
- 2 YR
- Interest Only
• The borrower was facing a high interest maturing loan (hard money loan).
• The borrower did not have enough trailing income to qualify for the Freddie Mac loan & the property needed more time to stabilize.
• Money360 was able to help the borrower refinance out of a high interest hard money loan that was maturing.
• We offered a lower interest rate than their current loan and terms that will allow the borrower to stabilize their property.
Subscribe to Our Newsletter
Stay up to date on the latest CRE news and trends