• Loan Type: Bridge
  • Loan Amount: $3,600,000
  • Term: 2 Years
  • Amortization: Interest Only
  • Recourse: Recourse
  • LTV: 44%

Challenges

The borrower had a maturing loan and they needed to pay off existing lender in a short amount of time. They needed to refinance out of current loan.

Solutions

Money360 developed a structure to complete the pre-development work. Understanding the unique housing requirements in the city of Oakland and all interested parties helped achieve the goal of the city and 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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