$9.9 Million | Retail
St. Petersburg, FL
- Loan Amount: $9,900,000
- Loan Term: 3 Years
- LTV: 45%
Retail Property In Plainfield, IN
- Loan Type:
- Bridge Loan
- Loan Amount:
- $2,000,000
- Loan Term:
- 2 YR
- Amortization:
- Interest Only
- Recourse:
- Non-Recourse
- LTV:
- 70%
Challenges
• The borrower’s current loan was maturing and needed to close quickly.
• The borrower was looking for the right loan structure that provided capital for tenant improvements and the ability to buy out a partner.
Solutions
• Money360 has established trust with this borrower so they came to us knowing we would deliver like we have in the past.
• The borrow had peace of mind knowing we would close on schedule with the proceeds needed to fully execute their business plan.
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