• Loan Type: Bridge
  • Loan Amount: $28,000,000
  • Term: 2 Years
  • Amortization: Interest Only
  • Recourse: Non-recourse
  • LTV: 67%

Challenges

The borrower was looking to pay off a previous lender by year end and the lender they were working with backed out at the last minute. Our borrower had little time before their loan matured.

Solutions

Money360 provided a rate and term refinance loan on a newly constructed 288-unit multifamily complex located in Hattiesburg, MS. The loan paid off the borrower’s previous lender that was due at the end of the year. When the borrower’s current lender was unable to perform, the broker called Money360 because of our proven track record of success and we got the deal done on schedule.

Bridge Loans

Money360 is a direct lender and can create custom bridge loan solutions to finance transitional or unstabilized properties throughout the United States.

Learn More

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.

Learn More

Why Money360?

  • Money360 is a Direct Lender
  • In-house Credit Approvals
  • Letters of Intent in 2-3 days
  • Funding in 3-5 weeks
Featured Properties