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...
Two Buildings in Downtown Pittsburg, CA
Loan Amount* $725,000 Collateral Valuation: * $1,745,000 Term * 36 months, First Lien, IO Rate * 9.25% Our borrower needed to pay off a prior lender whose personal entanglement was complicating their commercial real estate ownership. We were glad to simplify life...
Cash-Out 170 Acre Rural Ag Parcel in Lake County
Loan Amount* $2M Collateral Valuation: * $5,500,000 Term * 180 month, First Lien, Fully Amortizing Rate * Prime+7.24% Our experienced borrowers were converting an old orchard and vineyard to an alternative use. The cash out was used for improvements and working...
