ReProp Financial
Eureka, California
CA DRE Lic. 01917704, CFL Lic. 60DBO 48773, Oregon ML-5297, Arizona MBL Lic. 0927323, NMLS ID 1189084
Direct Private Lender for Investment Real Estate
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.
PLEASE NOTE: We do not offer loans secured by owner-occupied homes.
Property Geographic Area Details
Loan Amounts
Interest Rates
Loan Terms
Origination Fees
Lien Position
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
- Commercial Ground-Up Construction
- Residential Ground-Up Construction
- Commercial Long-Term
Specialty Loan Types
- Cannabis Use Properties
- Commercial Permanent Financing
- Partner Buyout
- Residential Long-Term Rental
- Reverse 1031 Exchange
Agribusiness Types
- Cattle Ranch
- Cannabis
- Citrus Grove
- Corn
- Cotton
- Dairy
- Melons
- Peach
- Peanuts
- Potatoes
- Poultry
- Row Crops
- Swine
- Tree Nuts
- Vegetables
Cannabis Use Properties
Will Consider Cannabis Use Properties
yesMaximum LTV for Cannabis Use Properties
60%Cannabis Property Use Type
- Cultivation
- Retail Dispensary
- Retail Sales
- Manufacturing
- Processing
- Production
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
yesMax LTV for Land
50%Max LTC for Land Acquisition
50%Max Loan-to-Purchase Price
85%Borrower Must Have Property Under Contract
noWill Provide Proof of Funds Letter
noWill Consider Lending on Purchase from Auction
noAllowed Source of Borrower’s Equity
- Own Cash
- Partner
- Equity in Another Investment Property
Experience Required
yesMinimum Number of Value-Add Projects Completed by Borrower
1Will Provide Funds for Renovation Costs
noMax LTC for Renovation Costs
85%Development Experience Required
yesMinimum Number of Ground-Up Construction Projects Completed by Borrower
1Max LTC for Ground-Up Construction Costs
85%Interest Charged for Construction Costs
Only on Funds DrawnWill Lend on Partially Completed Construction Projects
yesDeposit Required
Deposit depends on the complexity of the transaction
Fees which are mandatory for all new borrower clients
- Deposit
- Site Visit Fee
Fees which are paid to a third party company
- Appraisal Fee
Get In Touch
Stay Informed About Private Lending
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.
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.
RFMI CFL License: 605 2783 | RCS CFL License: 605 4681 | ReProp Investments, Inc.: CFL License: 60DBO 48773, NMLS ID: 1189084, RII DRE # 00656859 | ReProp Investments, Inc: Oregon Mortgage Lending License: ML-5297 | ReProp Investments, Inc: Arizona Mortgage Broker License: 0927323 | DRE # 01917704
Associations
- California Mortgage Association - Board of Directors
Office Locations
ReProp Financial735 4th Street, Eureka, California 95501
Our Team
Glenn G. Goldan
President
Dane Valadao
COO
Funded Deals
ReProp Financial
Santa Barbara, CA
$500,000
ReProp Financial
Desert Hot Springs, CA
$1,200,000
Commercial Ground-Up Construction
ReProp Financial
Humboldt County, CA
$350,000
Equity Cash Out
ReProp Financial
Salem, OR
$1,900,000
ReProp Financial
Salem, OR
$1,900,000
Refinance
ReProp Financial
Humboldt County, CA
$295,000
Refinance
Get In Touch
Stay Informed About Private Lending
Our Minimum Loan Amount Is
$150,000
What We Do
- Bridge, Rehab, Ground-Up Construction
- SFR, Multifamily, All Types of CRE
- Cannabis-Use Properties
- Land, Agricultural and Rural Locations
- LTC up to 85% for Value-Add Projects
- 15% to 35% Cash Down Payment Required
Not Available
- NO Owner-Occupied Homes
- NO 100% Financial or High Leverage
- NO Consumer Purpose Cash Out Loans
- NO 2nd Mortgages
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