• Loan Type: Bridge
  • Loan Amount: $11,210,000
  • Term: 2 Years
  • Amortization: Interest Only
  • Recourse: Recourse
  • LTV: 74%

Challenges

The borrower was working with a different lender and they got to the final stages of the loan and the lender turned down the loan in the final stages. The borrower was facing a maturity default if they couldn't get a loan.

Solutions

Money360 provided upfront knowledge and understanding of the borrowers needs and we were able to provide quick funding and certainty of closing. The borrower was in a tough situation and trusted that Money360 could get the deal closed.

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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