$23.15 Million | Office
- Loan Amount: $23,150,000
- Loan Term: 36 Months
- LTV: 75%
• The borrower wanted to refinance out of his bank line of credit, cash out, and use some of those proceeds for his next acquisition.
• This loan was secured by a single tenant, 72,100 square foot office building in Albuquerque, New Mexico. It is 100% occupied.
• Money360 loan allowed the borrower to free up capital for this Cash-out refinance.
• We were conformable doing so because of our relationship with the borrower, the tenant is a credit tenant in a good market, and it fit our current underwriting guidelines.
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