T & M Commercial Funding successfully executed the closure of an acquisition bridge loan for the sum of $390,000, specifically for a single-family residence located in Dresden, Maine. This financial transaction was meticulously structured and meticulously secured as a 1st lien, with an interest rate set at 12%. The loan to value ratio stood at 67%, reflecting a conservative and balanced approach to the lending terms. The agreed-upon term for this loan is a duration of 12 months, allowing ample time for the borrower to complete their property-related objectives. In this accomplishment, T & M Commercial Funding has demonstrated its proficiency in facilitating real estate financing with a comprehensive understanding of the market dynamics and the unique needs of borrowers.
- Property Type : Office
- Loan Type : Bridge Loan
- State : Michigan
- City : Standish
- Funded Amount : $240,000
