Quick Close on Rural Land
Loan Amount* $375,000 Collateral Valuation: * $745,000 Term * 18 months, First Lien, IO Rate * 10.99% Our borrower was in escrow for the purchase of a large tract of land when the initial financing source backed out at the last minute. A fantastic mutual colleague...
Idyllic residence construction in Petaluma, CA
Loan Amount * $850,000 Collateral Valuation: * $1,650,000 Term * 18 months, First Lien, IO Our borrower is an architect building an idyllic California North Bay home. ReProp provided construction financing and will be refinanced with the borrower’s credit union upon...
Nor-Cal investment property renovation on acreage
Loan Amount * $226,000 Collateral Valuation: * $357,550 Term * 12 months, First Lien, IO Rate * 9.99% Our borrower, a handyman/contractor, lives next door to this fixer home and was ready to buy as soon as his neighbor had it listed. We provided the purchase money...
