ReProp Financial

Bridge Loan Commercial Loan
Property Types	2-4 Units, Agriculture, Mixed use, Multi Family, Office, Retail, SFR
Lendding Area	arizona, california, idaho, oregon, texas, washington
Loan amount Minimum	$100,000
Loan amount Maximum	$2,500,000
Interest Rate Minimum	9%
Interest Rate Maximum	-%
Terms	1 year, 2 year, 3 year, 4 year, 5 year
Interest Only or Amortized	Amortized and Interest Only Options available
Cross Collateralize Blanket	Yes
Lien Position	1st
Prepayment Penalty	No Prepayment Penalty, 5,4,3,2,1
Intended Occupancy	Tenant, Owner Occupied Business Purpose
Recourse	Recourse and Non Recourse available
Reserve Requirement	None
General Pricing or Guideline info	Commercial Real Estate Loans •Loans up to $2.5 MM •$100,000 minimum loan •First liens only LTV And Valuation •50% LTV •Appraisals required on loans greater than •$250,000 (appraisal can come after close of escrow for fast closing) At these rates, we will be conservative on valuations. We will consider slightly higher LTVs at slightly higher rates. Rates Your Best Properties for Our Best Rates These are 2-year step loans. •Year 1 – 8.99% •Year 2 – 9.99% •LTV 50% Property Types Class “A” properties in select California Coastal markets, Commercial and NOO residential properties: •Non-Owner Occupied Residential •Retail •Office •Mixed-Use •Multi-Family We will make some exceptions, especially if the property is owner occupied commercial.
Updated as of	2024-05-29
Program Code	LG372

Summary of all Guidelines
Loan Types	Bridge Loan, Construction Loan, Hard Money Loan, SBA Loan
Property Types	Agriculture, Assisted Living, Automotive, Church, Gas Station, Hotel, Industrial, Land Entitled, Mixed use, Motel, Multi Family, Office, Place of Worship, Restaurant, Retail, Self-Storage, Senior, SFR, Special-Use, Warehouse
Lendding Area	arizona, california, colorado, idaho, nevada, oregon, utah, washington
Loan amount Minimum	$100,000
Loan amount Maximum	$1,500,000
Interest Rate Minimum	6%
Interest Rate Maximum	9.99%
Terms	11-20
Interest Only or Amortized	Interest Only, Amoritzed
LTV Bridge	65
Personal Guarantee /Recourse Required	Recourse, No Recourse
Intended Occupancy	Non-Owner
Special Features	Cannabis Funding
NMLS ID	1189084

ReProp Financial, a private money lender, is a division of ReProp Investments, Inc., established in 1978. We are a regional, niche real estate collateral lender, specializing in commercial, industrial and agricultural loans. We are a boutique specialty lender with extensive experience in all types of small balance commercial loans. We are not a broker, we fund loans directly.

We offer financing in the range of $100,000 to $1,500,000 in many western states. As experts in SBA loans, we help small businesses obtain SBA 504 loans and can also further assist them in securing other small business financing, if needed.

Our customers are the bankers and brokers who refer their clients to us. Their clients, the business owners, are usually borrowers in need of transitional financing who have good equity and a plan. These business owners may have been turned down for a bank loan based on their previous track record (or lack of one), credit history, or the uniqueness of the collateral or loan request. We also work with borrowers who seek long term financing in situations where traditional bank financing is not available.

For owner occupied commercial real estate, we loan up to 90% of the purchase price in conjunction with loans we can arrange with the SBA. We work with clients who have exhausted their possibilities with a traditional bank. We approach each transaction individually, from loan inception through final payoff. Our financing decision depends on extensive underwriting of the property and the borrower; unique lending situations are our specialty.

ReProp has demonstrated outstanding performance throughout our history, having weathered a number of business and real estate cycles. ReProp is organized and licensed in California and does business in several western states. We are actively seeking to make commercial real estate loans to small businesses and investors.

Glenn Goldan, the Founder and CEO of ReProp, has an extensive background in real estate – from agency, brokerage, and property management to development, legislative reform, and consulting.

Glenn’s first-hand experience with the many facets of commercial mortgage lending provides a unique underpinning for ReProp’s specialty lending. With over 30 years of experience in commercial real estate, ReProp can usually find a creative solution for even the most difficult collateral.

ReProp Financial is located in Eureka, CA. They offer financing for Bridge Loans, Construction Loans, Hard Money Loans and SBA Loans. The property type they primarily lend against is SFR, Agriculture, Assisted Living, Automotive, Multi Family, Church, Office, Industrial, Retail, Mixed use, Gas Station, Motel, Hotel, Land Entitled, Place of Worship, Restaurant, Self-Storage, Senior, Special-Use and Warehouse. Their minimum loan amount is $100,000. Their maximum loan amount is $1,500,000. They offer loans for a minimum Term of 6 months. Maximum duration of 11-20. Although rates can change they are typically lending at a minimum rate of 6%. Maximum interest rate of 9.99%.

These descriptions are limited information and meant for general reference purposes.