Marion County, OR – $3,448,250

When uncertain financial markets began to pressure banks to eliminate construction financing, ReProp worked with this borrower over a period of nine months to structure financing that would take care of his construction needs, and provide an opportunity for conventional refinancing after work is complete. This is a complex construction project over two separate locations and the financing required that ReProp coordinate the borrower, two of his operating entities, an appraisal team, prospective tenants, the borrower’s banker, contractors, the City of Salem and the title company to arrive at a successful conclusion.