• Loan Type: Bridge
  • Loan Amount: $13,700,000
  • Term: 3 Years
  • Amortization: Interest Only
  • Recourse: Non-recourse
  • LTV: 66%

Challenges

The borrower's previous lender couldn't close in time and the borrower was facing a maturity default and needed funds right away.

Solutions

The entire Money360 team, from origination to underwriting and closing, worked together to fund this loan in order to meet the borrower’s short time-frame. We were able to understand the urgency of the situation and get comfortable with the borrower and property. We provided a quick close to ensure the borrower received the proceeds needed.

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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