- Loan Amount: $18,500,000
- Loan Term: 3 YR
- LTV: 60%
Multifamily Property In Memphis, TN
- Loan Type:
- Bridge Loan
- Loan Amount:
- Loan Term:
- 2 YR
- Interest Only
• The purpose of this loan is to provide cash-out refinance money on a 436-unit multifamily property in Memphis, TN to pay off their current note that is maturing at the end of this year.
• The borrower also needed additional funds to renovate several units.
• Money360 provided capital to pay off the existing lender and additional capital for renovations.
• Surety of execution and trust were very important to the borrower.
• Money360 provided a flexible loan structure that provided capital for renovations.
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