Retail – Quick Transitional Loan
San Joaquin, CA
ReProp structured a two part loan, the first to take care of the borrowers’ pressing needs to dissolve a partnership; the 2nd to fulfill the borrowers’ needs of improving the subject property. We advanced funds to the Borrower without an appraisal and were able to fund a transitional loan with no lock out period or prepayment penalty. A couple weeks later we received a letter from the borrower:
"Thank you so much for your help and kind support. You were there when we needed you. Your professionalism and personal attention made my wife and I very comfortable through this whole process."