- Loan Amount: $2,302,500
- Loan Term: 1 YR
- LTV: 70%
Bridge Loan For Multi-Family Property
- Loan Type:
- Bridge Loan
- Loan Amount:
- Loan Term:
- 2 YR
- Interest Only
• The borrower needed capital to rehab the property. They needed cash reserves in preparation for agency financing.
• Money360 provided a cash-out refinance loan that provided a lower rate loan and additional capital needed to resolve a liquidity issue.
• Certainty of execution was crucial to the borrower.
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