• 1st Lien of Loan * $877,500
  • Collateral Valuation * $1,350,000
  • Term * 12 months, IO
  • Rate * Call or Visit to Inquire
This owner/builder was working with a major national bank to fund his construction project, but additional requirements by the bank continued to drag out the process. He came to ReProp to get funding to put his crew to work now. The owner/builder was eager to get to work and needed financing that was fast enough to avoid losing the summer building season. When the project is complete, a formerly aging parking lot and house converted to office will be replaced with a floor of retail, a floor of office and a third floor of residential boasting a view overlooking the Humboldt Bay Marina
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