Klamath County, OR – $2,000,000

This borrower needed cash out for investment purposes on a ranch operation that had been recently retooled from a recreational property to an operation that generates income and would be able to support reasonable debt. Since the primary source of repayment is projected income the borrower’s usual lender couldn’t finance the property. ReProp was able to fund the loan on a transitional basis – when credit markets reopen and the ranch income has some history under its belt, this highly qualified borrower will be able to refinance.