• Loan Amount * $210,000.00
  • Rate * 8.99%
  • Combined Appraised Value * $ 3,500,000
  • Term * 11-month interest only
  • Lien Position * First

Our Borrower is a developer and is a repeat borrower of ReProp’s. Our Borrower is involved in a construction project in Southern CA and needed additional capital. Our Borrower requested a business purpose cash out loan on a duplex he owned in San Francisco. Our Borrower plans to refinance our loan with traditional financing within the year.

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