- Loan Amount * $700,000
- Rate * 9.99% adjustable
- Appraised Value * $1,425,000
- Term * 60 Months, Interest only with balloons.
- Lien Position * First
An experienced mountain land farmer purchased this property as company headquarters and to hold retreats. Due to the rural location, and the borrower source of income, conventional financing was difficul.t ReProp was able to structure a loan to fit the borrowers needs.