- Loan Amount: $18,500,000
- Loan Term: 3 YR
- LTV: 60%
Bridge Loan For Multifamily Property
- Loan Type:
- Bridge Loan
- Loan Amount:
- Loan Term:
- 2 YR
- Interest Only
• The borrower was looking to pay off a previous lender by year end and the lender they were working with backed out at the last minute.
• Our borrower had little time before their loan matured.
• Money360 provided a rate and term refinance loan on a newly constructed 288-unit multifamily complex located in Hattiesburg, MS.
• The loan paid off the borrower’s previous lender that was due at the end of the year.
• When the borrower’s current lender was unable to perform, the broker called Money360 because of our proven track record of success and we got the deal done on schedule.
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