Two loans on light industrial construction in Desert Hot Springs, CA
Loan Amount * $1.17M (x2) Collateral Valuation: * $4.63M as complete (x2) Term * 18 months, Construction, IO Our borrowers are experienced developers and are about 75% complete building out an 18-building light industrial business park. We recognize the vision and...
Construction Financing in costal Northern California
Loan Amount * $182,000 Collateral Valuation: * $305,000 As Complete Term * 12 months, First Lien, IO Rate * 9.890% Our borrower is replacing an aging manufactured home with construction of a permanent rental house. ReProp made his construction possible. Our borrower...
One-fifth of a city block in Northern California
Loan Amount * $180,000 Collateral Valuation: * $300,000 Term * 12 months, First Lien, IO Rate * 9.50% Our repeat borrower, a developer, wanted to purchase a fire damaged house to tear down and develop into multi-family. Conventional financing is very difficult when...
