- Loan Amount * $1.17M (x2)
- Collateral Valuation: * $4.63M as complete (x2)
- Term * 18 months, Construction, IO
Our borrowers are experienced developers and are about 75% complete building out an 18-building light industrial business park. We recognize the vision and sophistication of these developing partners. ReProp financed the construction of two buildings. Upon completion, the buildings will either be sold or refinanced into long term financing once tenants are in place.