|
Office Interim SBA / Construction Hybrid Sacramento County, CA Our borrower needed to close on a purchase transaction for a $3.85MM new office building within a very short amount of time. We were asked to be the 2nd mortgage interim lender for SBA 504 financing, since other traditional lenders had declined. We funded $1.59MM 2nd lien with a 90% CLTV, while cross-collateralizing with a cold shell office building our borrower owned next door. Not only was our deal funded in one week, but we set up construction financing for tenant improvements on the adjacent cold shell office building as part of our loan structure, keeping the borrower’s cost low! |
::: Commercial LoansWhen time is of the essence or when the commercial loan need does not fit traditional lending circumstances, ReProp is the lender of choice. If the borrower has equity and a plan that makes sense (whether it cash flows today or tomorrow) we are very interested. If you are looking for a rate sheet or lending grid - forget it! Our loans are tailored to meet the needs of the request. If a 20-year fully amortized loan is the best solution, then so be it. But if a hybrid rehab construction/cross-collateralized/prepaid interest during rent up/mid term take-out loan/interest only, then partially amortized loan works better, we love it. In fact, we'll be the first to make seemingly convoluted suggestions, if it improves your borrower's cash flow. ::: Key BenefitsFlexibility, flexibility, flexibility...we thrive on looking at deals that require us to invent a new box. You suggest the best terms. Fair pricing that accomplishes the goal. Fast and no runaround - easily said, but not easily accomplished. You and your customer always have ReProp's Promises to You:
::: PricingEach loan we make is tailored to meet the unique needs of your customer. So the loan type and pricing varies with each lending situation and are based on the plan that you, your client and ReProp agree will get the job done. Call us today to speak to one of our lending specialists. Now you can say yes! |
