Office Property In South Bend, IN

Loan Type:
Bridge Loan
Loan Amount:
$5,000,000
Loan Term:
2 YR
Amortization:
Interest Only
Recourse:
Non-Recourse
LTV:
67%

Challenges

Single tenant with a short time left on lease. They were going to do some fix-up to get the tenant to sign a long term lease.

Needed specific loan amount that covered all costs and put some money away for Capex.

Speed was key. Every day was costing them money because their loan matured.

Solutions

We executed a quick closing in a difficult situation and met borrowers needs.

Stratos Athanassiades

Money360

View Bio

Related Deals

Subscribe to Our Newsletter

Stay up to date on the latest CRE news and trends