Bridge Loan for a Retail Property

Loan Type:
Bridge Loan
Loan Amount:
$6,186,000
Loan Term:
3 YR
Amortization:
Interest Only
Recourse:
Yes
LTV:
70%

Challenges

• The borrower had a pending loan maturity on a non-stabilized asset.
• They also needed additional capital for tenant improvements.

Solutions

• Money30 provided the borrower with the initial funding to cover existing debt and additional capital for TI and CapEx.
• We effectively solved this loan maturity on the borrower’s property in transition.

Stratos Athanassiades

Money360

View Bio

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