Hospitality Property In Romulus, MI

Loan Type:
Bridge Loan
Loan Amount:
$15,250,000
Loan Term:
2 YR
Amortization:
Interest Only
Recourse:
Non-Recourse
LTV:
53%

Challenges

• This is a very sophisticated sponsor that rehabbed and rebranded this hotel.
• The borrower needed a bridge loan that will allow him to season his property to qualify for a perm loan.

Solutions

• Money360 provided the sponsor a bridge loan that will allow them to season the property and get a track record that will help qualify for a perm loan.

Nicolas Jans

Money360

View Bio

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