Contractor looking for a quick close
Loan Amount * $300,000 Rate * 9.50% ReProp’s Value * $590,000 Term * 6 Months, Interest Only Lien Position * First Our repeat borrower was on a time crunch to get permits pulled before a new permit fee was enacted. He owned a newly constructed house with a recently...
Restaurant Renovation
Loan Amount * $182,500 Rate * Prime + ReProp’s Value * $818,000 Term * 120 Months, IO for 6. Lien Position * First Our return borrower has extensive experience in the identifying, securing, renovating, and successfully operating restaurant locations. We worked out...
Retail and Light Industrial Construction
Loan Amount * $900,000 Rate * 9.49% Appraised Value * $2,700,000 Term * 18 Months, Construction Lien Position * First Our borrower had plans ready to build out a 4,850 sf retail “showroom” and a 9,000 square foot warehouse for storage. The overall project is approved...
Renovation Capital for Repeat Borrower
Loan Amount * $100,000 Rate * 9.00% Appraised Value * $320,000 Term * 12 Months, Interest Only Lien Position * First Our return borrower enjoys rehabbing and renting single family homes. The rehab was complete and owned outright. He needed funds for another rehab he...
