• Loan Type: Bridge
  • Loan Amount: $6,340,000
  • Term: 2 Years
  • Amortization: Interest Only
  • Recourse: Non-recourse
  • LTV: 62%

Challenges

The borrower had a Unique opportunity to purchase their current loan at par. They were also looking for additional TI money to do tenant improvements for a lease they had in hand.

Solutions

Money360 came in and we provided a loan that allowed the sponsor to payoff their current lender and provide the TI's needed for a tenant that is moving in and for additional leasing.

The property was initially used as a retail, but the sponsor needed the TI funds for the changing property type to the medical/office tenant. We provided more TI dollars because we understood the need to make this change. To sum it up, it is a Retail to Mixed-Use Medical Office conversion.

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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