Experienced Developer buying adjacent parcel
Loan Amount * $125,000 Rate * 9.50% Appraised Value * $250,000 Term * 12 Months, Interest Only Lien Position * First Our borrower is an investor in an adjacent building to the subject property. We financed the purchase of this parcel to retain control of the area...
Cash Out to Upgrade Rural Farm Facilities
Loan Amount * $350,000 Rate * 9.89% Appraised Value * $800,000 Term * 36 Months, Interest Only, Step-up after 12 months Lien Position * First A referral from a local broker lead this borrower to ReProp. The borrower wanted to make some upgrades to his farm facilities....
Movie Studio on Outskirts of Los Angeles
Loan Amount * $1,000,000 Rate * 9.89% Appraised Value * $3,500,000 Term * 36 Months, Interest Only Lien Position * First Our borrower had a lease option to purchase with a movie studio tenant. The borrower had agreed to provide some TI moneys to the tenant and...
Return Borrower Refinances into Long-Term with ReProp
Loan Amount * $500,000 Rate * 8.99% adjustable Appraised Value * $2,500,000 Term * 10 years, Interest Only Lien Position * First A return borrower needed to refinance and came back to us for a 20 year amortization with a balloon due in 10. We structured the loan to...
