Bridge Loan For Special Purpose Property

Loan Type:
Bridge Loan
Loan Amount:
$4,868,784
Loan Term:
2 YR
Amortization:
Interest Only
Recourse:
Non-Recourse
LTV:
70%

Challenges

• This repeat borrower needed funds to rehab and stabilize a property he was purchasing.
• Floating-rate bridge loan with a repeat broker in need of a flexible loan structure

Solutions

• Money360 provided funding with a flexible loan structure to be used for tenant improvement and capital expenditures. This allowed the borrower to achieve their business plan to rehab and stabilize the property.
• This was a repeat borrower with a similar product to finance and they thought of Money360 due to the surety of execution.

Stratos Athanassiades

Money360

View Bio

Subscribe to Our Newsletter

Stay up to date on the latest CRE news and trends