• Loan Type: Bridge
  • Loan Amount: $15,611,500
  • Term: 3 Years
  • Amortization: Interest Only
  • Recourse: Recourse
  • LTV: 74%

Challenges

The borrower's property was effected by a hurricane, they needed to pay pay off an existing loan, and re-lease the space to new tenants. They also needed to TI's to get tenants back in the office space.

Solutions

We provided the borrower the right amount of proceeds to pay off existing debt, complete construction, do the tenant improvements, and market the space to get it re-leased. We were also able to close in the borrowers time frame. The broker and borrower also knew we would close. Trust factor and surety of execution we very crucial to this deal.

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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