• Loan Amount: $725,000
• Rate: 10%
• Appraisal Value: $2,290,000
• Term: 24 months
• Lien Position: First

This loan was made on five, Class C, retail and office buildings and adjacent vacant land located in Vallejo, CA owned by a private lending firm who had to foreclose out their borrower. The property was in rough shape but our colleague came to us for help because they knew they could count on ReProp to what we say we are going to do when we say it will be done. And in this case, the loan had to be done quickly.