Flexible Terms for Non-Traditional Property
Humboldt County, CA – $350,000 ReProp funded a first lien on an excessive acreage, rural two-parcel property that had two separate dwellings. Rather than declining the loan since the existing manufactured home was not on a county recognized foundation, we funded...
Mixed Collateral
Long Beach and Fresno County, CA – $420,000 A Long Beach real estate investor looking to purchase distressed residential properties needed to leverage other commercial real estate owned. Reprop was able to provide a two part refinance secured by single tenant...
New Subdivision
Loan Amounts: $449,000/$179,000 Rates: 7.99%/12.49% Appraisal Value: $ 898,000 Term: 36 months Lien Positions: First/Piggy-Back Second Our borrower needed an advance of 70% to make this purchase possible. The quotes he was getting from others priced him out of the...
San Diego State Rental
Loan Amount: $225,000 Rate: 5.99% Appraisal Value: $ 500,000 Term: 36 months Lien Position: First 2nd San Diego SFR transaction with same borrower. This borrower couldn’t get conventional financing, owns free and clear property and needed cash out for more investment...
