Vacation Rental Purchase in Jackson County, OR
Loan Amount * $198,000 Rate * 8.99% Appraised Value * $330,000 Term * 24 months, IO Lien Position * First Our Borrower was in contract to purchase a vacation rental. The Borrower did not have time for conventional financing. We were able to make the Borrower a...
Light Industrial Building in Salem, OR
Structure:1st Lien for 36 months, interest only. Funded: 2019 1st Quarter Loan Amount: $1,900,000 Value: $4,100,000 The bank financing our borrower’s light industrial building demanded an exit of their loan due to the property owner having a legal cannabis tenant. We...
Small Farm in Washington County, OR
Loan Amount * $306,000 Rate * 12.39% Appraised Value * $619,000 Term * 15 yrs Lien Position * First Our Borrower had a loan maturing. With traditional financing difficult, we were able to provide a fully amortizing loan so the Borrower didn’t need to continually...
Agriculture Refinance West of Portland, Oregon
Loan Amount: $400,000 Rate: 10.25% Adjustable Value: $700,000 Term:15 Year Ammortizing Lien Position: First Our borrowers are agriculture specialists who were called to payoff by their credit union, ReProp accepts challenge Our farmers purchased their plot in 2013,...
