• Loan Type: Bridge
  • Loan Amount: $17,250,000
  • Term: 1.5 Years
  • Amortization: Interest Only
  • Recourse: Recourse
  • LTV: 75%

Challenges

Maturity default on Class A Medical office In Orange County, CA.

Solutions

Money360 recently closed this $17.5 million cash-out refinance on a two-building medical office in Newport Center (Fashion Island), CA. The sponsor needed to close quickly, but more importantly, he needed surety of execution. Based on the broker's prior success with Money360 he brought this deal straight to us instead of shopping it around. He knew we would close on time and as planned after the kick-off call. This was a highly customized loan structure. Prepayment flexibility and creative structure were important considerations for the sponsor.

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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