ReProp Financial tries to focus on niche locations where there is less competition. For instance, ReProp Financial recently provided funding for an old mill site in a secondary market that is going to be used for an alternative purpose.
If interested in commercial real estate, you may be wondering how the situation with the coronavirus is impacting the commercial property market. With all of the press surrounding the coronavirus, many investors are moving away from the stock market and towards other investment opportunities such as commercial real estate.
As a potential borrower, you may be wondering what ReProp Financial offers over other lenders. The answer is that Reprop customizes all loans to borrowers’ needs. We offer bridge financing with 1 to 5 year terms as well as 10 to 15 year fully amortized loans. Long-term financing options are also fairly popular because borrowers don’t have to continually refinance every 24 to 36 months, which saves borrowers money paying additional brokers and lenders fees. .
In addition, the values that operators are putting on real estate are becoming more reasonable and the premiums paid in the past are coming down for green zone properties. This is great because a lot of cannabis operators have revitalized real estate that was once neglected and rundown.
If you need a commercial real estate loan or investment in California, Washington, Oregon, Arizona, Idaho or a surrounding state, ReProp Financial would be happy to assist. Give our team a call today at 707-444-7711!