Hospitality Property In Seaside, Oregon

Loan Type:
Bridge Loan
Loan Amount:
$22,000,000
Loan Term:
2 YR
Amortization:
Interest Only
Recourse:
Non-Recourse
LTV:
65%

Challenges

• Two hotels in Oregon: $10,000,000 + $12,000,000 = $22,000,000.
• The borrower needed to refinance and had a tight timeline.
• He was working with another lender that could not ultimately perform. That’s when the borrower turned to Money360.

Solutions

• Money360 saw opportunity to properly structure the transactions to assist him in executing his business plan.
• We provided a custom solution, quick funding, and a unique structure.
• Structure was key.

David Christensen

Money360

View Bio

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