• Loan Amount * 1,310,000
• Rate * 9.25%
• Appraised Value * $6,300,000
• Term * 11 Months, Interest Only
• Lien Position * First

ReProp takes pride in facilitating real estate success by acquiring promising loan portfolios. One such acquisition involved a note secured by a property, empowering the borrower to access equity for renovating another investment. This interest-only, first-lien financing provided crucial resources to enhance their real estate holdings. With repayment anticipated through rental income or refinancing, the borrower demonstrates astute financial management, and we celebrate their continued growth in the property market.