- Loan Amount: 3,700,000
- Loan Term: 1 YR
- LTV: 74.1%
Office Property In South Bend, IN
- Loan Type:
- Bridge Loan
- Loan Amount:
- Loan Term:
- 2 YR
- Interest Only
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.
We executed a quick closing in a difficult situation and met borrowers needs.
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