Six-unit Apartment In High Housing Demand Area
Loan Amount * $550,000 Collateral Valuation * $950,000 Term *12 months, First Lien, IO Our Borrower acquired a multi-family lot in a 1031 exchange. He diligently worked on the entitlements and permitting of a 6-unit apartment building. Commercial construction with...
ReProp Financial’s Response to The Coronavirus (COVID-19)
by Glenn Goldan, CEO Having been in the finance industry for 37 years, I’ve seen a lot of ups and downs in the market over time. In the past 20 years, we’ve experienced the Dot-com Bubble Burst, the 9/11 tragedy, the financial collapse of 2008, and now, in 2020...
Understanding the Letter of Intent in Commercial Real Estate
In commercial real estate, a letter of intent is used to summarize the terms of a tentative agreement to purchase a particular property. This may be drawn up by a prospective buyer or, in some cases, by a tenant applicant to present an offer on a real estate property....
