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...
ReProp helps motivated builders move forward when the bank says “No.”
Loan Amount * $287,000 Collateral Valuation: * $445,000 Term * 12 months, First Lien, IO Rate * 9.89% No credit, no problem. Our borrowers owned a lot and had plans for residential construction. They needed our help to provide the construction loan while repairing...
