Money360 Provides $2.8M Bridge Loan for Multifamily Portfolio in Detroit

by Kristin Harlow

DETROIT — Money360 has provided a $2.8 million bridge loan for the acquisition of a 54-unit multifamily portfolio in Detroit. The two properties comprise a mix of one- and two-bedroom units as well as two commercial units. The nonrecourse loan features a two-year term and a rate of 7.75 percent.

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