- Loan Amount: $18,500,000
- Loan Term: 3 YR
- LTV: 60%
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.
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