Cash Out to Upgrade Rural Farm Facilities
Loan Amount * $350,000 Rate * 9.89% Appraised Value * $800,000 Term * 36 Months, Interest Only, Step-up after 12 months Lien Position * First A referral from a local broker lead this borrower to ReProp. The borrower wanted to make some upgrades to his farm facilities....
Movie Studio on Outskirts of Los Angeles
Loan Amount * $1,000,000 Rate * 9.89% Appraised Value * $3,500,000 Term * 36 Months, Interest Only Lien Position * First Our borrower had a lease option to purchase with a movie studio tenant. The borrower had agreed to provide some TI moneys to the tenant and...
Return Borrower Refinances into Long-Term with ReProp
Loan Amount * $500,000 Rate * 8.99% adjustable Appraised Value * $2,500,000 Term * 10 years, Interest Only Lien Position * First A return borrower needed to refinance and came back to us for a 20 year amortization with a balloon due in 10. We structured the loan to...
Well Established Coffee Business Finds New Owners
Loan Amount * $570,000 Rate * Call to inquire Appraised Value * $880,000 Term * 36 Months, Interest Only Lien Position * First Our borrowers were in contract to purchase a business and real estate. Due to the “Start-up” nature of the business, bank financing was not...
