- 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.
