Retail Property In Aurora, Colorado

Loan Type:
Bridge Loan
Loan Amount:
$22,000,000
Loan Term:
2 YR
Amortization:
Interest Only
Recourse:
Non-Recourse
LTV:
66%

Challenges

• The borrower's loan was maturing and the lender wanted it paid off. • The borrower was working with a credit union to get a permanent loan, but were not confident it would be done in the time frame needed so they called Money360.

Solutions

• Once Money360 understood the sponsored need, we funded the loan in the time-frame discussed on the kick off call. • We provided the financing need to help the sponsor refinance out of their current loan. • This is the borrower's 4th loan in six months with Money360.

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