Equity Out and Quick Thinking for a Smart Borrower
Loan Amount* $700,000 Collateral Valuation: * $2.1M Term * 18 months, First Lien, IO Rate * 9.89% We financed two construction loans for our borrower and his partners in their newly developed business park in Desert Hot Springs. Our borrower owned this building free...
Beautiful Santa Barbara Residential Lot with Ocean Views
Loan Amount* $500,000 Collateral Valuation: * $1,010,000 Term * 9 months, First Lien, IO Rate * 10.89% Our borrowers are moving to Santa Barbara to build their dream home. The lot came with building plans which still need final approval. Construction financing was...
110 Acre Refinance for Rural Agriculture Land Development
Loan Amount* $225,000 Collateral Valuation: * $500,000 Term * 36 months, First Lien, IO Rate * 10.89% These return borrowers are experienced in rural agricultural land development. They returned to us to refinance these 110 acres. ReProp met the borrower’s need...
