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  • Loan Type: Bridge
  • Loan Amount: $2,975,000
  • Term: 1 Year
  • Amortization: Interest Only
  • Recourse: Recourse
  • LTV: 67%

Challenges

The winning bidder was faced with a challenge when the seller expedited the closing time-frame from 60-days to 30-days. Money360 was able to adjust loan programs and work with the winning bidder to ensure the timeline was met and the property and earnest money were not lost.

Solutions

This Ten-x bidder was a textbook example how the collaborative Ten-X/Money360 process yields great results. Prior to the auction, an LOI was secured by the bidder, allowing them to bid with confidence. Money360's competitive rates, paired with speed and certainty of execution provides piece of mind for auction participants.

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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