• Loan Type: Bridge
  • Loan Amount: $2,250,000
  • Term: 2 Years
  • Amortization: interest only
  • Recourse: Recourse
  • LTV: 73%

Challenges

The existing lender offered borrower a discounted payoff to improve financials BUT it had an expiration date

Solutions

Borrower's broker approached Money360 to provide financing and a short time later the loan was paid off and the borrower received his discount. All involved benefitted from the quick transaction.
Money360 also structured:

A Tenant Improvement and Leasing Commission Reserve to provide funds to bring the property to market occupancy.

An Interest Reserve to provide time for the additional lease-up

Bridge Loans

Money360 is a direct lender and can create custom bridge loan solutions to finance transitional or unstabilized properties throughout the United States.

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Permanent Loans

Money 360’s permanent loan program provides flexible, long-term financing at competitive rates and terms for stabilized commercial real estate throughout the United States.

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Why Money360?

  • Money360 is a Direct Lender
  • In-house Credit Approvals
  • Letters of Intent in 2-3 days
  • Funding in 3-5 weeks
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