• Loan Type: Bridge
  • Loan Amount: $17,650,000
  • Term: 3 Years
  • Amortization: Interest Only
  • Recourse: Non-recourse
  • LTV: 71%

Challenges

The borrower was facing a maturing CMBS loan and had a hard deadline to close. They were also looking for additional capital for tenant improvements. This repeat broker brought this opportunity to Money360 because we have performed in the past and that gave him the peace of mind we would close on schedule.

Solutions

Money360 provided a bridge loan that paid off the borrowers maturing CMBS loan. Certainty of execution was very important to the borrower and he knew Money360 would deliver. In addition to paying off the borrowers maturing loan, we provided a loan structure that gave the borrower additional proceeds for tenant improvements.

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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