Office complex refinance
Loan Amount * $1,100,000 Rate * 9.5% ReProp’s Value * $1,800,000 Term * 18 Months, Interest Only step Lien Position * First A return borrower came to us when another lender called their loan due. We paid off the prior lender and allowed a subordinate 2nd lien behind...
Gas Station interest buy-out
Loan Amount * $725,000 Rate * 9.49% ReProp’s Value * $1,590,000 Term * 24 Months, Interest Only Step Lien Position * First A return borrower came to us to buy out the ownership interest of a shared inheritance interest in the property and needed a quick close. He...
18 acre Timber Harvest becomes a Homestead
Loan Amount * $335,000 Rate * 9.99% ReProp’s Value * $750,000 Term * 6 Months, Interest Only Lien Position * First After logging a property, our borrower opted to keep the land instead of selling it. There was an existing log home that was in dire need of rehab. The...
Equestrian Facility Refinance
Loan Amount * $600,000 Rate * 9.99% ReProp’s Value * $1,575,000 Term * 12 Months, Interest Only Lien Position * First Our borrower is selling an equestrian facility. This property type takes time to sell due to the pool of buyers. We were asked to refinance the...
