• Loan Amount * $500,000
  • Rate * 8.49% 
  • ReProp’s Value * $1,225,000
  • Term * 12 Months, Step rate Interest Only
  • Lien Position * First

A return borrower was building an ADU on another property. As everyone knows, cost overruns happen all the time, especially during “COVID”.  Our loan funded the balance of the construction to complete the project. 

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