Multi-Collateral Loan in Sacramento County, CA
Loan Amount * $525,000 Rate * 7.99% Appraised Value * $1,520,000 Term * 18 months, IO Lien Position * First Our Borrower owned a mixed-use property free and clear and wanted to use the equity to purchase a restaurant. We were able to make the loan by securing both...
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...
Office Interim SBA / Construction Hybrid
Sacramento County, CA – $1,590,000 Our borrower needed to close on a purchase transaction for a $3.85MM new office building within a very short amount of time. We were asked to be the 2nd mortgage interim lender for SBA 504 financing, since other traditional...
Shelter Cove – SBA Financing
Humboldt County, CA – $165,000 We were approached by a local bank to assist their customer with an SBA 504 loan that was already approved by the SBA. Because of our banking contacts, and our relationship with the Arcata Economic Development Corporation, we were...