• 1st Lien of Loan * $55,000
  • Collateral Valuation * $200,000
  • Term * 12 months, IO
  • Rate * Call or Visit to Inquire
The constraints of traditional depository institutions are in place to protect the public’s deposits from risk and the institution from complicated processing issues. ReProp can bridge the gap when a person seeking financing has Commercial Real Estate collateral and a sensible exit plan. This borrower recently sold real estate and carried the debt. Their credit union needed the owner carry note seasoned for a few months before they’d consider it as an income stream. ReProp Financial saw a clear exit plan for the borrowers and plenty of collateral in place, so we were able to help. This is a fine example of our relationships with traditional financial institutions whose stringent limitations keep them from helping clients. A referral to ReProp allows the deposit customer to remain their client. If a short order, the financial institution will be able to refinance the customer into a lower-cost loan. Our borrowers are happy, Our investors are happy, and ReProp is pleased to be a part of our economic development.
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