• Loan Type: Bridge
  • Loan Amount: $3,375,000
  • Term: 2 Years
  • Amortization: Interest Only
  • Recourse: Recourse
  • LTV: 73%

Challenges

The borrower was trying to refinance out of a higher interest loan. Money360 provided a lower rate than their current lender. The borrower was trying to get a loan as a Class C property.

Solutions

We took the time to get comfortable with the deal and were able to structure the loan that allowed the borrower to get the deal funded quickly. The deal structure enables the borrower to rehab the property to get higher rents once the property has been rehabbed. The borrowers plan to stabilize the property over the next couple years and get agency financing.

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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