- Loan Amount * $1,000,000
- Rate * 9.89%
- Appraised Value * $3,500,000
- Term * 36 Months, Interest Only
- Lien Position * First
Our borrower had a lease option to purchase with a movie studio tenant. The borrower had agreed to provide some TI moneys to the tenant and requested said funds from ReProp. Our loan will be paid off from the sale to the tenant.