- Loan Amount* $175,000
- Collateral Valuation: * $250,000
- Term * 12 months, First Lien, IO
- Rate * 11.49%
With the right buyer development team, ReProp was able to offer more leverage than it typically would. A career construction professional was referred to us by a repeat borrower to finance the purchase of a 13-acre parcel of land to be subdivided into two or three residential estate lots. The process may take up to a year, but ReProp’s loans often take less than a week from start to finish.