• Loan Type: Bridge
  • Loan Amount: $7,600,000
  • Term: 2 Years
  • Amortization: Interest Only
  • Recourse: Recourse
  • LTV: 64%

Challenges

The borrower was facing a loan maturity and didn't have financing in place to take out the current lender before the loan matured. The broker took this deal to a hard money lender, but the rate and terms were too high for the borrower. The broker thought of Money360, gave us a call, and Money360 got the deal done.

Solutions

Money360 offered the borrower a lower rate and the confidence that we would close his loan. Certainty of execution was very important to the borrower and broker.

The borrower was also paying penalties to their current borrower until Money360 contacted the lender and informed them we were going to close the deal. This helped the borrower save on fees charged by their current lender.

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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