• Loan Amount: $400,000
  • Rate: 10.25% Adjustable
  • Value: $700,000
  • Term:15 Year Ammortizing
  • Lien Position: First

Our borrowers are agriculture specialists who were called to payoff by their credit union, ReProp accepts challenge Our farmers purchased their plot in 2013, and had a positive gross income through 2017 by supplying fresh local vegetables to Portland. Their lender called for a payoff within 90 days when they found the borrowers held a lease on a nearby parcel for the purpose of growing federally restricted but state legal crops. Thankfully, ReProp’s reputation for placing privately invested funds in safe Commercial Real Estate investments was made known to the farmers. We are happy to see them continuing business uninterrupted with our financing since the Autumn of 2018.

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