- Loan Amount * $100,000
- Rate * 9.99%
- ReProp’s Value * $500,000
- Term * 12 Months, Interest Only
- Lien Position * First
Our borrower is in the ag industry and was in need of working capital for his company. We were able to make him a loan secured by a large tract of land he owned free and clear. He plans to exit our loan with cash flows from his business operations.