• Loan Type: Bridge
  • Loan Amount: $2,825,000
  • Term: 2 Years
  • Amortization: Interest Only
  • Recourse: Non-recourse
  • LTV: 73%

Challenges

The borrower needed an acquisition loan to purchase an unstabilized 54-unit multifamily property in Detroit, MI. As part of their business plan, they needed capital to stabilize the property in order to qualify for agency financing.

Solutions

We understood the borrower's business plan and created a flexible loan structure that provided acquisition capital and Capex funds used to stabilize the property.

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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