Light Industrial Processing Facility in Sacramento, CA
Loan Amount * 1,950,000 Collateral Valuation: * $3,500,000 Term * 15 years, First Lien, Fully Amortizing Our borrower was in a bridge loan nearing maturity. Recognizing continuing to refinance every two to three years get very expensive, he requested a long-term loan!...
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...
Light Industrial Debt Consolidation in Portland, OR
Loan Amount * $250,000 Collateral Valuation: * $1,120,000 Term * 15 months, First Lien, Amortizing Rate * 10.49% (Prime+5.74% margin) Our borrower has owned the building for twenty years. He has leased to an established long-term tenant. He came to ReProp to finance...