Contractor Collateralizes Property to Finance Inherited Renovation
Loan Amount * $110,000 Rate * 8.49% Appraised Value * $400,000 Term * 12 Months, Interest Only Lien Position * First Our borrower inherited a high-end house in need of renovations with other relatives. We were able to make our borrower a loan secured by a rental...
Millionaire Scenic Views on Acreage in San Ramon, CA
Loan Amount * $650,000 Rate * 9.99% Appraised Value * $1.3MM Term * 12 Months, Interest Only Lien Position * First We made our borrower a rate and term refinance while he worked on his building plans. The borrower will pay off our loan with construction...
Vineyard purchase in Calaveras County, CA
Loan Amount * $700,000 Rate * 10.99% Appraised Value * $1.3MM Term * 24 Months, Interest Only Lien Position * Second Our borrower was purchasing an 85-acre property in Calaveras County. The seller was willing to carry financing but only in first position. Our borrower...
Used Multiple Collateral to Increase Funding
Loan Amount * $500,000 Rate * 10.99% Appraised Value * $1,000,000 Term * 36 Months, Interest Only Lien Position * First Our borrower needed financing to buy out a partnership. To fund the final settlement, a trusted colleague referred the borrower to ReProp. We were...
