$11 Million | Hospitality
Reseda, CA
- Loan Amount: $11,000,000
- Loan Term: 2 YR
- LTV: 75%
Hospitality Property In Seaside, Oregon
- Loan Type:
- Bridge Loan
- Loan Amount:
- $22,000,000
- Loan Term:
- 2 YR
- Amortization:
- Interest Only
- Recourse:
- Non-Recourse
- LTV:
- 65%
Challenges
• Two hotels in Oregon: $10,000,000 + $12,000,000 = $22,000,000.
• The borrower needed to refinance and had a tight timeline.
• He was working with another lender that could not ultimately perform. That’s when the borrower turned to Money360.
Solutions
• Money360 saw opportunity to properly structure the transactions to assist him in executing his business plan.
• We provided a custom solution, quick funding, and a unique structure.
• Structure was key.
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