• Loan Amount *  $125,000
• Rate * 9% (Prime+4%)
• Value * $250,000
• Term * 48 months, IO
• Lien Position * First

A local bank referred our borrower who needed to refinance for building improvements for an eventual sale as well as operating capital for a parallel business venture related to the established family restaurant. ReProp financed the expansion of their locally famous sauces for availability in retail stores and are transitioning to a catering operation.