• Loan Type: Bridge
  • Loan Amount: $7,085,000
  • Term: 2 Years
  • Amortization: Interest Only
  • Recourse: Non-recourse
  • LTV: 68%

Challenges

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.

Solutions

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.

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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