Clatsop County , OR – $200,000
A long standing boutique retail shop in a small Oregon coastal community had suffered a poor sales year from weather related problems and needed working capital to jump start the operation. ReProp was able to quickly fund a relatively small commercial loan without an appraisal. ReProp was able to match the borrower’s needs of “playing it safe” by providing a long term fully amortizing loan with a short prepay period.