Gas Station interest buy-out
Loan Amount * $725,000 Rate * 9.49% ReProp’s Value * $1,590,000 Term * 24 Months, Interest Only Step Lien Position * First A return borrower came to us to buy out the ownership interest of a shared inheritance interest in the property and needed a quick close. He...
18 acre Timber Harvest becomes a Homestead
Loan Amount * $335,000 Rate * 9.99% ReProp’s Value * $750,000 Term * 6 Months, Interest Only Lien Position * First After logging a property, our borrower opted to keep the land instead of selling it. There was an existing log home that was in dire need of rehab. The...
Equestrian Facility Refinance
Loan Amount * $600,000 Rate * 9.99% ReProp’s Value * $1,575,000 Term * 12 Months, Interest Only Lien Position * First Our borrower is selling an equestrian facility. This property type takes time to sell due to the pool of buyers. We were asked to refinance the...
Refinance of Multifamily Apartment Building
Loan Amount * $725,000 Rate * 9.49% ReProp’s Value * $1,150,000 Term * 24 Months, Interest Only Lien Position * First Our borrower had a maturing loan on the property. He plans to sell the apartment building but first needed to make some cosmetic upgrades. He...
