- Loan Amount * $250,000
- Collateral Valuation: * $1,120,000
- Term * 15 months, First Lien, Amortizing
- Rate * 10.49% (Prime+5.74% margin)
Our borrower has owned the building for twenty years. He has leased to an established long-term tenant. He came to ReProp to finance debt consolidation and structural improvements for tenant operations. We arranged long term financing to match our borrower’s business needs.