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

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