Fix and Flip in Eureka, CA
Loan Amount * $97,000 Rate * 9.25% Appraised Value * $162,000 Term * 12 months, IO Lien Position * First Our Borrower is a fix and flip investor. Bank financing would have been difficult and timely. We made the borrower a 12-month interest only loan within 5 days....
San Francisco residence walking distance from The Presidio
Loan Amount * $210,000.00 Rate * 8.99% Combined Appraised Value * $ 3,500,000 Term * 11-month interest only Lien Position * First Our Borrower is a developer and is a repeat borrower of ReProp’s. Our Borrower is involved in a construction project in Southern CA and...
Renovation for Rental in Humboldt County
Loan Amount: $100,000 Rate: 9.50% Value: $140,500 Term: 12 interest only Lien Position: First Our borrower’s experienced eye in residential rehabilitation recognized the value in this unmaintained house when it went to the sale. Her family business purchased the...
