- Loan Amount * $1,685,500
- Rate * 10.89%
- Appraised Value * $3,371,000
- Term * 10 year term with 36 Months, Interest Only
- Lien Position * First
Seasoned assisted living operators identified a recently renovated facility requiring operational restart. When traditional bank financing proved unavailable for this startup scenario, ReProp’s creative SBA financing bridged the gap. Experienced business owners provided substantial equity while adding operational expertise. The borrowers plan to stabilize operations, demonstrate consistent cash flow, then refinance into conventional permanent financing with their traditional lending institution.