Bridge Loan For Office Property

Loan Type:
Bridge Loan
Loan Amount:
$17,650,000
Loan Term:
3 YR
Amortization:
Interest Only
Recourse:
Non-Recourse
LTV:
71%

Challenges

• The borrower was facing a maturing CMBS loan and had a hard deadline to close.
• They were also looking for additional capital for tenant improvements.
• This repeat broker brought this opportunity to Money360 because we have performed in the past and that gave him the peace of mind we would close on schedule.

Solutions

• Money360 provided a bridge loan that paid off the borrowers maturing CMBS loan.
• Certainty of execution was very important to the borrower and he knew Money360 would deliver.
• In addition to paying off the borrowers maturing loan, we provided a loan structure that gave the borrower additional proceeds for tenant improvements.

Ken Gaitan

Money360, Inc.

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