$9.9 Million | Retail
St. Petersburg, FL
- Loan Amount: $9,900,000
- Loan Term: 3 Years
- LTV: 45%
Retail Property In Aurora, Colorado
- Loan Type:
- Bridge Loan
- Loan Amount:
- $22,000,000
- Loan Term:
- 2 YR
- Amortization:
- Interest Only
- Recourse:
- Non-Recourse
- LTV:
- 66%
Challenges
• The borrower’s loan was maturing and the lender wanted it paid off.
• The borrower was working with a credit union to get a permanent loan, but were not confident it would be done in the time frame needed so they called Money360.
Solutions
• Once Money360 understood the sponsored need, we funded the loan in the time-frame discussed on the kick off call.
• We provided the financing need to help the sponsor refinance out of their current loan.
• This is the borrower’s 4th loan in six months with Money360.
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