Construction Financing in costal Northern California
Loan Amount * $182,000 Collateral Valuation: * $305,000 As Complete Term * 12 months, First Lien, IO Rate * 9.890% Our borrower is replacing an aging manufactured home with construction of a permanent rental house. ReProp made his construction possible. Our borrower...
One-fifth of a city block in Northern California
Loan Amount * $180,000 Collateral Valuation: * $300,000 Term * 12 months, First Lien, IO Rate * 9.50% Our repeat borrower, a developer, wanted to purchase a fire damaged house to tear down and develop into multi-family. Conventional financing is very difficult when...
Ranch expansion in Blocksburg, CA
Loan Amount * $900,000 Collateral Valuation: * $2.5M Term * 60 months, First Lien, Amortizing Our borrower owned the neighboring parcel and wanted to expand his ranch. After the subject property had been on the market for over a year, he made his offer. The offer was...
Rehab for Rental in Northern California
Loan Amount * $160,000 Collateral Valuation: * $260,000 Term * 12 months, First Lien, IO Rate * 9.99% We underwrote the borrower’s ability to manage the renovation and did not require she hire a general contractor. Upon completion, she will exit our bridge loan with...
