Challenges: The borrower’s property was affected by a hurricane, they needed to pay off an existing
loan, and re-lease the space to new tenants. They also needed tenant improvement funds to secure
quality tenants.
Solutions: We provided the borrower the right amount of proceeds to pay off existing debt, complete
construction, do the tenant improvements, and market the space to get it re-leased. We were able to
close in the borrower’s time frame. Trust factor and surety of execution were very crucial to this closing.
Borrower Comments: “This is a first class lender, and provided exactly what was promised.
The team understands complex transactions and worked hard to deliver.” - Younan Properties
Loan Type: Bridge
Loan Amount: $15,611,500
Term: 3 Years
Amortization: Interest Only
Recourse: Recourse
LTV: 74%
www.money360.com
Ladera Ranch, CA
Gary Bechtel
creloans@money360.com
888-908-7027
