Cash out on Light Industrial owner occupied building
Loan Amount * $2,000,000 Collateral Valuation * $4,800,000 Term * 12 months Rate * 10.49% A successful cabinet shop asked ReProp to finance operating capital and consolidate other financing into our single loan. They will refinance with conventional financing upon...
Construction loan on lot with Ocean View
Loan Amount * $460,000 As-Complete Valuation * $740,000 Term * 12 months Rate * 10.50% A repeat borrower came to us for a construction loan for the construction of a Single Family Home with an attached ADU.
Full amortizing loan term on income producing farm
Loan Amount * $485,000 Collateral Valuation * $1,390,000 Term * 15 year Rate * 10.89% Our borrower owns a 19 acre parcel with a farmhouse and income producing agriculture. He opted to stop loan hopping and went with our 15-year fully amortizing loan structure. We have...
8-Lot Subdivision
Loan Amount * $1,560,000 Rate * 10.89% ReProp’s Value * $2,590,000 Term * 18 Months, Interest Only Lien Position * First Our borrower has been working on the subdivision for years and has obtained a final map approval from the city. Our loan was used for the purchase...
