- Loan Amount: $14,000,000
- Loan Term: 3 YR
- LTV: 66%
Hospitality Property In Reseda, CA
- Loan Type:
- Bridge Loan
- Loan Amount:
- Loan Term:
- 2 YR
- Interest Only
• Our borrower was looking for a lender that would take the time to understand this opportunity.
• Understanding the local market and providing the right loan structure will allow the borrower to successfully execute their business plan.
• Money360 recently provided acquisition financing for the purchase and redevelopment of a retail property consisting of 242,972 square-feet in Christiansburg, VA.
• Money360 met with the borrower face-to-face to understand his business plan and learn more about his 40 years’ experience and successful track record in redevelopment.
• This lead to our ability to craft a loan based on an evolving plan.
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