SBA Financing for Historic Property
Loan Amount: $767,000 ReProp took a referral from a local bank, then partnered with the City of Arcata and with Arcata Economic Development Corporation to provide SBA 504 financing for the conversion of an older movie theater to an entertainment venue serving all...
Malibu Condo
Loan Amount: $420,000 Rate: 5.99% Appraisal Value: $ 1,025,000 Term: 24 months Lien Position: First This is the second loan we have to this borrower; a well-established developer in Southern California. The condo was an all-cash acquisition in a short sale...
Los Angeles Tarzana Neighborhood Investment Property
Loan Amount: $730,000 Rate: 6.99%/7.99% Appraisal Value: $1,265,000 Term: 24 months Lien Position: First The Borrower purchased this home a year ago for $800K. After some extensive upgrading, he was ready to refinance out of the high interest rate he was currently in....
Escrow Opened on Friday, Closed on Monday
Loan Amount: $750,000 Rate: 5.99% Appraisal Value: $ 1,600,000 Term: 36 months Lien Position: First This borrower needed to settle a matter fast and needed our help to do it. With the help of escrow and title, we worked through the weekend and got our borrower Our...
