Office Property In Southfield, MI

Loan Type:
Bridge Loan
Loan Amount:
$3,200,000
Loan Term:
2 YR
Amortization:
Interest Only
Recourse:
Non-Recourse
LTV:
75%

Challenges

• The borrower was looking to purchase the property in a short timeline.
• The property has a tenant that occupies a majority of the building and they needed a loan with a flexible structure for tenant improvements and future funding.

Solutions

• Money360 provided a quick close and the right structure that included money for tenant improvements and future funding.
• Speed and flexible structure got this loan funded on schedule.

Stratos Athanassiades

Money360

View Bio

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