• Loan Amount: $155,800
  • Rate: 9.99%
  • Appraisal Value: $ 382,000
  • Term: 60 months
  • Lien Position: First

Humboldt County, CA
A regional convenience store and fuel operator found himself with the opportunity to reduce rent costs by about 98% if he could find a commercial loan secured by a gas station on ground lease property. Although banks are wary of both ground leases and gas stations, ReProp was able to put financing together that saves our Borrower about 50% in existing costs.

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