Office Property In Salem, OR

Loan Type:
Bridge Loan
Loan Amount:
$8,500,000
Loan Term:
2 YR
Amortization:
Interest Only
Recourse:
Recourse
LTV:
74%

Challenges

• The borrower needed funds to pay off existing mortgage and to keep the TI’s moving forward.

Solutions

• We had the ability to come into the middle of the project and help get the loan funded.
• We also provided value add money that allowed the borrower to continue the TI improvements so they could stabilize the property once completed.

Fred Barrow

Money360

View Bio

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