Humboldt County, CA- $165,000

Our borrowers were looking for a cost-effective way to finance improvements to certain rental properties they owned. Our CCLOC+ (Convertible Commerical Line of Credit+) allowed them to use equity in a 5-plex for a line of credit which they can later convert to permanent financing if they choose. Because ReProp allows 2nd liens for qualified borrowers, they also preserved an excellent fixed rate for the first lien loan.

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