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ReProp Financial is a direct private mortgage lender based in Northern California, established in 1978. We are a regional, niche real estate collateral lender, specializing in residential, commercial, light industrial and agricultural loans. We also offer 1st lien mortgages at very competitive rates and fees. We fund loans that others can’t, quickly and professionally. We treat you with the respect any customer deserves. Your needs are not “sub-prime,” but unique. We are not a loan broker, we fund loans directly. You are always communicating with the decision maker.

Loan Amounts

$150,000 to $2,000,000

Interest Rates

6.99% to 9.99%

Max Loan-To-Value

65.00%

Max Loan-To-Cost

85.00%

Origination Fees

2% to 3%

Loan Terms

12 months to 180 months

Lien Position

  • 1st

Loan Purpose

  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Use Equity to Invest in Another Property
  • Invest in a Business
  • Business Working Capital
  • Value Add Project
  • Development Project

Property Occupancy

  • Vacant
  • Tenant Occupied 100%
  • Owner Occupied Commercial

Property Geographic Area Details

Arizona, California, Idaho, Nevada, Oregon, Washington

Property Types and Loan Types

Collateral Types

  • Residential Property
  • Commercial Property

Property Types

  • 2-4 Units Residential
  • Adult Day Care
  • Agricultural
  • Assisted Living Facility
  • Auto Dealership
  • Auto Repair
  • Bed and Breakfast
  • Cannabis Dispensary
  • Cannabis Grow Facility
  • Car Wash
  • Child Day Care
  • Commercial Condominium
  • Commercial Land
  • Community Center
  • Condominium
  • Gas Station
  • Gym
  • Healthcare
  • Hotel
  • Industrial
  • Mixed-Use
  • Mobile Home Park
  • Motel
  • Multifamily
  • Office
  • Parking Lot
  • Portfolio of Commercial Properties
  • Portfolio of Residential Properties
  • RV Park
  • Ranch
  • Rehabilitation Facility
  • Residential Land
  • Retail
  • Senior Housing
  • Single Family Residence
  • Sports Facility
  • Storage Facility
  • Student Housing
  • Timberland
  • Vehicle Parking
  • Winery

Loan Types

  • Private Money
  • Hard Money
  • Commercial Bridge
  • Residential Bridge
  • Commercial Property Value Add
  • Residential Fix and Flip
  • Residential Rehab and Rent
  • Commercial Ground-Up Construction
  • Residential Ground-Up Construction
  • Commercial Long-Term
  • Residential Long-Term Rental
  • Small Business

Specialty Loan Types

  • Residential Long-Term Rental
  • Reverse 1031 Exchange
  • Partner Buyout
  • Cannabis Use Properties
  • Commercial Permanent Financing
  • Transactional Funding

Agribusiness Loan

Agribusiness Types

  • Cattle Ranch
  • Cannabis
  • Citrus Grove
  • Corn
  • Cotton
  • Dairy
  • Melons
  • Peach
  • Peanuts
  • Potatoes
  • Poultry
  • Row Crops
  • Swine
  • Tree Nuts
  • Vegetables

Will Consider Cannabis Use Properties

no

Land Loan

Land Types Considered

  • Residential Land
  • Multifamily Land
  • Office Land
  • Retail Land
  • Agricultural Land
  • Special Purpose Land
  • Cannabis Use Land

Will Consider Land That is NOT Entitled

no

Max LTV for Land

50.00%

Max LTC for Land Acquisition

50.00%

Purchase Loan

Max LTC on Purchase Price

85.00%

Borrower Must Have Property Under Contract

no

Will Provide Proof of Funds Letter

no

Will Consider Lending on Purchase from Auction

no

Allowed Source of Borrower’s Equity

  • Own Cash
  • Partner
  • Equity in Another Investment Property

Rehab Value Add Loan

Experience Required

yes

Minimum Number of Value-Add Projects Completed by Borrower

1

Will Provide Funds for Renovation Costs

no

Max LTC for Renovation Costs

85.00%

Construction Loan

Development Experience Required

yes

Minimum Number of Ground-Up Construction Projects Completed by Borrower

1

Max LTC for Ground-Up Construction Costs

85.00%

Interest Charged for Construction Costs

Entire Amount of Total Project Costs

Will Lend on Partially Completed Construction Projects

yes

Business Loan

Business Loan Types

  • SBA Long-Term

Business Loan Purpose

  • Working Capital
  • Debt Payoff

Business Types Considered

  • Retail
  • Service
  • Manufacturing
  • Distribution

Minimum Years in Business

5

Details and Requirements

Typical Closing Time (Days)

10

Fastest Closing Time (Days)

3

Works With

  • Brokers
  • Borrowers

Payment Structure

  • Interest Only
  • Amortized

Payment Structure Details

Short-term loans are interest only, Can do up to 15 Year Fully Amortizing, 20 Year Amortization with Balloon in 10 years

Pre Payment Penalty

no

Will lend to a foreign national

no

Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

no

Will Consider Collateralizing Multiple Properties in One Loan

no

Will Consider Equity Joint Venture

no

Borrower Entity Types Considered

  • Individual(s)
  • LLC
  • Limited Partnership
  • Corporation

Documentation Required

  • Credit Report
  • Tax Returns
  • Bank Statements
  • Financial Statements
  • Loan Application

Personal Guaranty (Recourse) Required

Always

Credit Check Required

no

Appraisal Required for Residential Property

Sometimes

Appraisal Required for Commercial Property

Sometimes

Broker Price Opinion (BPO) Accepted for Residential Property

Sometimes

Broker Price Opinion (BPO) Accepted for Commercial Property

Sometimes

Fees

Deposit Required

$650.00 to $1,500.00

Deposit depends on the complexity of the transaction

Site Visit Fee

$0 to $0

Fees which are mandatory for all new borrower clients

  • Deposit
  • Site Visit Fee

Fees which are charged upfront prior to loan closing

  • Deposit
  • Site Visit Fee
  • Appraisal Fee

Fees which are paid to a third party company

  • Appraisal Fee

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.

Licence

CFL License: 60DBO 48773

Established

1978

Associations

  • California Mortgage Association - Board of Directors

Office Locations

555 H Street, Suite G, Eureka, California, 95501

Primary Capital Source

  • Own Funds

Alternative Capital Sources

  • Bank Credit Line

Loan Structure for Majority of Loans

  • Own Balance Sheet

Percentage of company’s lending business focused on private mortgage

100%

Percentage of Loans Secured by Commercial Property

0%

Percentage of Loans Secured by Residential Property

0%

Percentage of Residential Property Loans Which are Fix and Flip

0%

Percentage of Residential Property Loans Which are Buy and Hold

0%

Percentage of Residential Property Loans Which are Owner-Occupied

0%

Percentage of Loans Secured by Land

0%

Percentage of Loans Secured by a Business (not real estate)

0%

Loan Request

This information is about yourself, not the subject property.

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If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

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(temp use, storage, billboard, parking, etc.)

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If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

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how will the loan be paid off?

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