Commercial Renovation in Rio Dell, Ca.
Loan Amount: $80,000 Rate: 9.00% Value: $400,000 Term: 12 months IO Lien Position: First Our borrowers had a vision and didn’t mind putting his own skin in the game to make it real.. He offered a residential property owned free and clear as collateral to borrow funds...
Agriculture Refinance West of Portland, Oregon
Loan Amount: $400,000 Rate: 10.25% Adjustable Value: $700,000 Term:15 Year Ammortizing Lien Position: First Our borrowers are agriculture specialists who were called to payoff by their credit union, ReProp accepts challenge Our farmers purchased their plot in 2013,...
Matured Timber Harvest Plan in Fortuna, California
Loan Amount: $225,000 Rate: 11.25% Value: $425,000 Term: 12 months IO Lien Position: First Three years prior, our repeat borrower purchased a ten acre parcel with our financing. When they found the opportunity to purchase an adjacent parcel and apply a county approved...
Transition from Brick and Mortar to Catering in Eureka, Ca.
Loan Amount * $125,000 Rate * 9% (Prime+4%) Value * $250,000 Term * 48 months, IO Lien Position * First A local bank referred our borrower who needed to refinance for building improvements for an eventual sale as well as operating capital for a parallel business...
