Manufactured Housing In West Sacramento, CA

Loan Type:
Bridge Loan
Loan Amount:
$5,000,000
Loan Term:
3 YR
Amortization:
Interest Only
Recourse:
Non-Recourse
LTV:
46%

Challenges

• Borrower had an unstabilized property, manufactured housing community, and needed a flexible loan structure to refinance his current loan.
• Structuring the underlying land lease was the biggest issue.

Solutions

• Flexible structure was the key.
• Once Money360 understood the deal, we responded with viable structure solutions that the sponsor was happy with.
• Money360 provided innovative lending structure. We are able to be creative and innovative in our structuring deals because our credit team has decades of experience in commercial real estate.

Peter Breen

Money360

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