- Loan Amount: $11,000,000
- Loan Term: 2 YR
- LTV: 75%
Hospitality Property In Romulus, MI
- Loan Type:
- Bridge Loan
- Loan Amount:
- Loan Term:
- 2 YR
- Interest Only
• 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.
• 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.
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