• Loan Type: Bridge
  • Loan Amount: $7,863,750
  • Term: 3 Years
  • Amortization: Interest Only
  • Recourse: Non-recourse
  • LTV: 75%

Challenges

This is a single tenant, 72,100 square foot office building in Albuquerque, New Mexico. It is 100% occupied. The borrower wanted to refinance out of his bank line of credit, get cash out, and use some of those proceeds for his next acquisition.

Solutions

Money360 loan allowed the borrower to free up capital for this Cash-out refinance. We were conformable doing so because of our relationship with the borrower, the tenant is a credit tenant in a good market, and it fit our current underwriting guidelines.

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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