Six-unit Apartment

  • Loan Amount * $550,000
  • Collateral Valuation * $950,000
  • Term *12 months, First Lien, IO

Our Borrower acquired a multi-family lot in a 1031 exchange. He diligently worked on the entitlements and permitting of a 6-unit apartment building. Commercial construction with traditional banks is time-consuming and tedious. Once he was ready to build, he came to us for a quick close. Our Borrower is an experienced project manager for a local construction firm providing the necessary experience for an owner-builder project. Institutional financing is the exit plan from this loan.

Client Testimonial:

“ReProp financial financed my construction project quickly and transparently. Thanks to their straight dealing and simple documentation, Leach Construction completed six new housing units before the weather turned”
– C Leach

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