About Private Money Lender- ReProp Financial
ReProp Financial, a private money lender, is a division of ReProp Investments, Inc., established in 1978. We are a regional, niche real estate collateral lender, specializing in commercial, industrial and agricultural loans. We are a boutique specialty lender with extensive experience in all types of small balance commercial loans. We are not a broker, we fund loans directly.
We offer financing in the range of $100,000 to $1,500,000 in many western states. As experts in SBA loans, we help small businesses obtain SBA 504 loans and can also further assist them in securing other small business financing, if needed.
Our customers are the bankers and brokers who refer their clients to us. Their clients, the business owners, are usually borrowers in need of transitional financing who have good equity and a plan. These business owners may have been turned down for a bank loan based on their previous track record (or lack of one), credit history, or the uniqueness of the collateral or loan request. We also work with borrowers who seek long term financing in situations where traditional bank financing is not available.
For owner occupied commercial real estate, we loan up to 90% of the purchase price in conjunction with loans we can arrange with the SBA. We work with clients who have exhausted their possibilities with a traditional bank. We approach each transaction individually, from loan inception through final payoff. Our financing decision depends on extensive underwriting of the property and the borrower; unique lending situations are our specialty.
ReProp has demonstrated outstanding performance throughout our history, having weathered a number of business and real estate cycles. ReProp is organized and licensed in California and does business in several western states. We are actively seeking to make commercial real estate loans to small businesses and investors.
Glenn Goldan, the Founder and CEO of ReProp, has an extensive background in real estate – from agency, brokerage, and property management to development, legislative reform, and consulting.
Glenn’s first-hand experience with the many facets of commercial mortgage lending provides a unique underpinning for ReProp’s specialty lending. With over 30 years of experience in commercial real estate, ReProp can usually find a creative solution for even the most difficult collateral.