• Loan Type: BRIDGE
  • Loan Amount: $10,300,000
  • Term: 2 Years
  • Amortization: Interest Only
  • Recourse: Non-recourse
  • LTV: 39%

Challenges

Refinance of a higher interest rate. Timing was a big deal. The borrower had to close the deal before the end of the year or he would have had to stay with his current lender. He wanted to refinance out of the higher interest rate loan and needed a creative loan structure.

Solutions

Money360 recently funded this $10.3 million bridge loan to allow the borrower to refinance out of a higher interest rate loan on an essentially non-leased office building.
The key to this deal is the regional market knowledge Stratos brought to the table. His market knowledge helped the credit team get comfortable with the deal. Loan structure, timing, and surety of execution were also important in 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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