- Loan Amount * $335,000
- Rate * 9.99%
- ReProp’s Value * $750,000
- Term * 6 Months, Interest Only
- Lien Position * First
After logging a property, our borrower opted to keep the land instead of selling it. There was an existing log home that was in dire need of rehab. The proceeds from our loan were used to complete the home so the Borrower could refinance conventionally.