Beautiful Santa Barbara Residential Lot with Ocean Views
Loan Amount* $500,000 Collateral Valuation: * $1,010,000 Term * 9 months, First Lien, IO Rate * 10.89% Our borrowers are moving to Santa Barbara to build their dream home. The lot came with building plans which still need final approval. Construction financing was...
110 Acre Refinance for Rural Agriculture Land Development
Loan Amount* $225,000 Collateral Valuation: * $500,000 Term * 36 months, First Lien, IO Rate * 10.89% These return borrowers are experienced in rural agricultural land development. They returned to us to refinance these 110 acres. ReProp met the borrower’s need...
Purchase of Future Estate Lots
Loan Amount* $175,000 Collateral Valuation: * $250,000 Term * 12 months, First Lien, IO Rate * 11.49% With the right buyer development team, ReProp was able to offer more leverage than it typically would. A career construction professional was referred to us by a...
Construction Loan for ADU!
Loan Amount* $150,000 Collateral Valuation: * $400,000 as completed Term * 12 months, First Lien, IO Rate * 9.74% We have a great relationship with our borrowers. This house is owned by the sister of a repeat borrower. Placing family financing in our care speaks...
