Large Home on 1 Acre Hideaway in Town
Loan Amount* $325,000 Collateral Valuation: * $500,000 Term * 24 months, First Lien, IO Rate * 10.99% Our Borrower was in escrow for the purchase of a 2-unit rental property. An issue on title was discovered which ended any chance at conventional financing. To clear a...
Cash-out Refinance on SFR Lot
Loan Amount* $145,000 Collateral Valuation: * $300,000 Term * 12 months, First Lien, IO Rate* 9.89% In order to wrap up an SBA loan on another property, our repeat borrower came to us for a quick loan close using this property. We close faster than traditional...
Quick Close on Rural Land
Loan Amount* $375,000 Collateral Valuation: * $745,000 Term * 18 months, First Lien, IO Rate * 10.99% Our borrower was in escrow for the purchase of a large tract of land when the initial financing source backed out at the last minute. A fantastic mutual colleague...
Idyllic residence construction in Petaluma, CA
Loan Amount * $850,000 Collateral Valuation: * $1,650,000 Term * 18 months, First Lien, IO Our borrower is an architect building an idyllic California North Bay home. ReProp provided construction financing and will be refinanced with the borrower’s credit union upon...
