Eureka, CA -- (ReleaseWire) -- 09/15/2020 --ReProp Financial has been a private money lender for over 36 years. Established in Eureka, California with offices in Eureka and Scottsdale AZ, ReProp Financial continues to create success stories for businesses requiring a commercial, industrial or agricultural loan. Whether your project is short-term or long-term, ReProp Financial is prepared to help.
A commercial real estate landlord was looking at options for long-term financing. This landlord decided on a fully amortizing loan as his tenant is in a business not eligible for bank financing. The loan amount totaled $2,175,000 with a collateral valuation set at $4,700,000 on a 15-year term (first lien and fully amortizing) with a rate of 4.64% over Prime (7.89%). Negotiations took place to adjust down early payment fees to let the business season and allow the borrower to pay off their loans early if they wish.
ReProp Financial is happy to answer any questions about loan rates and offers a list of even more success stories on their website at www.repropfinancial.com. ReProp Financial Founder and CEO, Glenn Goldan, has extensive knowledge and a long history in real estate and is ready to assist you with your loan questions. Contact ReProp Financial today at 1 (800) 444-2948.
About ReProp Financial
ReProp Financial, a private money lender, is a division of ReProp Investments Inc, established in 1978. ReProp is a specialized real estate collateral lender specializing in commercial, industrial and agricultural loans. With over 36 years of experience in commercial real estate, ReProp can usually find a creative solution for even the most difficult collateral. All information can be found on www.repropfinancial.com.