• Loan Type: Bridge
  • Loan Amount: $15,250,000
  • Term: 2 Years
  • Amortization: Interest Only
  • Recourse: Non-recourse
  • LTV: 53%

Challenges

This is a very sophisticated sponsor that rehabbed and rebranded this hotel. The borrower needed a bridge loan that will allow him to season his property to qualify for a perm loan.

Solutions

Money360 provided the sponsor a bridge loan that will allow them to season the property and get a track record that will help qualify for a perm loan.

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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