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...
Fix and Flip in Eureka, CA
Loan Amount * $97,000 Rate * 9.25% Appraised Value * $162,000 Term * 12 months, IO Lien Position * First Our Borrower is a fix and flip investor. Bank financing would have been difficult and timely. We made the borrower a 12-month interest only loan within 5 days....
San Francisco residence walking distance from The Presidio
Loan Amount * $210,000.00 Rate * 8.99% Combined Appraised Value * $ 3,500,000 Term * 11-month interest only Lien Position * First Our Borrower is a developer and is a repeat borrower of ReProp’s. Our Borrower is involved in a construction project in Southern CA and...
