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$19,100,000 | Billings, MT building

$19,100,000
Billings, MT

Transaction Type

Loan Refinance

Non-Recourse

Loan Type

Bridge Loan

Situation & Challenges

  • Fully leased property in need of seasoning
  • Recently remediated water intrusion
  • Short-term financing was needed to pay off construction loan

Solutions & Highlights

  • Cost-savings to transition to A10 permanent loan once property was seasoned
  • 3-year fixed rate term with flexible prepayment