$9.9 Million | Retail
St. Petersburg, FL
- Loan Amount: $9,900,000
- Loan Term: 3 Years
- LTV: 45%
• The borrower was looking for a cash-out refinance on a currently unencumbered property that would allow him to buy out a current partner and provide additional proceeds for CapEx and tenant improvements.
• Money360 provide flexibility for a partner buy out and additional capital for CapEx and Tenant improvements.
• We were patient with the borrower as he worked on leasing the property and gave him the peace of mind we would execute on schedule.
Money360 can create custom bridge loan solutions to finance transitional or unstabilized properties throughout the United States.
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