Bridge Loan For Mixed-Use Property

Loan Type:
Bridge Loan
Loan Amount:
$8,595,000
Loan Term:
3 YR
Amortization:
Interest Only
Recourse:
Non-Recourse
LTV:
58.8%

Challenges

• Borrower wanted to build out the rooftop space to greatly enhance value of the building, but traditional bank lenders would not provide the additional dollars for that.

Solutions

• Flexible future funding. Flexible loan structure.
• Consolidated outstanding loans and provided capital for building a restaurant.

Stratos Athanassiades

Money360

View Bio

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