18 acre Timber Harvest becomes a Homestead
Loan Amount * $335,000 Rate * 9.99% ReProp’s Value * $750,000 Term * 6 Months, Interest Only Lien Position * First After logging a property, our borrower opted to keep the land instead of selling it. There was an existing log home that was in dire need of rehab. The...
Equestrian Facility Refinance
Loan Amount * $600,000 Rate * 9.99% ReProp’s Value * $1,575,000 Term * 12 Months, Interest Only Lien Position * First Our borrower is selling an equestrian facility. This property type takes time to sell due to the pool of buyers. We were asked to refinance the...
Refinance of Multifamily Apartment Building
Loan Amount * $725,000 Rate * 9.49% ReProp’s Value * $1,150,000 Term * 24 Months, Interest Only Lien Position * First Our borrower had a maturing loan on the property. He plans to sell the apartment building but first needed to make some cosmetic upgrades. He...
Cash out on Rural Real Estate
Loan Amount * $100,000 Rate * 9.99% ReProp’s Value * $500,000 Term * 12 Months, Interest Only Lien Position * First Our borrower is in the ag industry and was in need of working capital for his company. We were able to make him a loan secured by a large tract of land...
