- Loan Amount: $19,995,000
- Loan Term: 2 YR
- LTV: 63.3%
Bridge Loan For Retail Property
- Loan Type:
- Bridge Loan
- Loan Amount:
- Loan Term:
- 3 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.
• The center had fallen into disrepair from owner neglect and the city of Christiansburg was desperate to identify a new source of capital willing to give new life to this major component to the local retail scene.
• Money360 had the solution. We were persistent, taking the time to understand the ever-changing plan and adjusting our underwriting as needed. This would not have happened without the diligence and patience of the experienced Money360 credit team, underwriting team and senior management.
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