• Loan Type: Bridge
  • Loan Amount: $3,230,000
  • Term: 2 Years
  • Amortization: Interest Only
  • Recourse: Non-recourse
  • LTV: 52%

Challenges

his was a purchase deal where the deal didn't have enough money coming in to meet its debt service. A new anchor tenant was just coming online. The Buy Low vacated that anchor tenant spot and fitness center took its place. They were in the middle of doing TI, but not paying rent. It was not stabilized.

Solutions

We provided a great loan structure. We spoke with the borrower and asked them what they needed. Once we understood the deal, we were able to provide the right structure to get the deal done. The borrower gave us their issues so we can structure around them. Money360 structured the deal that created an interest reserve to make sure debt service was covered as part of the flexible deal structure.

Bridge Loans

Money360 is a direct lender and can create custom bridge loan solutions to finance transitional or unstabilized properties throughout the United States.

Learn More

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.

Learn More

Why Money360?

  • Money360 is a Direct Lender
  • In-house Credit Approvals
  • Letters of Intent in 2-3 days
  • Funding in 3-5 weeks
Featured Properties