Direct Private Lender for Commercial 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 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.

  • Lending on many types of commercial property (and residential investment properties)
  • Rural and Urban locations
  • Bridge Loans up to 65% LTV for purchase
  • Rehab/Construction Loans up to 85% LTC

Please note: We do NOT offer 2nd mortgages or loans secured by owner-occupied homes or vacant land.

Property Geographic Area Details
Arizona, California, Idaho, Nevada, Oregon, Texas, Washington
Loan Amounts
$150,000 to $3,500,000
Interest Rates
8.49% to 11.99%
Loan Terms
12 months to 180 months
Origination Fees
1.5% to 3.5%
Lien Position
1st
What we do:
Bridge, Rehab, Ground-Up Construction
Many Types of Commercial Property
Residential Investment Properties
Agricultural Properties
Cannabis-Use Properties
Rural Locations Considered
LTV up to 65% for Purchase or Refi
LTC up to 85% for Value-Add Projects
What we don’t consider:
Vacant Land
Horizontal Development
100% Financing or High Leverage
NO 2nd Mortgages
Owner-Occupied Homes
Consumer Purpose Loans
Credit Check Required

no

Prepayment Penalty

no

Typical Closing Time (Days)

10

Maximum Leverage

Purchase Short-Term (no Value-Add)
Max LTP Residential: 65%
Max LTP Multifamily: 65%
Max LTP Commercial: 65%
Refinance Short-Term (no Cash Out)
Max LTV 1st Lien Residential: 65%
Max LTV 1st Lien Multifamily: 65%
Max LTV 1st Lien Commercial: 65%
Refinance & Cash Out Short-Term
Max LTV 1st Lien Residential: 65%
Max LTV 1st Lien Multifamily: 65%
Max LTV 1st Lien Commercial: 65%
Max LTV 1st Lien Land: 50%
Commercial Value-Add
Max LTC: 85%
Max LTARV: 60%
Commercial Construction

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
  • 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
  • Retail
  • Senior Housing
  • Single Family Residence
  • Sports Facility
  • Storage Facility
  • Student Housing
  • Timberland
  • Vehicle Parking
  • Winery

Loan Types

  • Commercial Bridge
  • Commercial Property Value Add
  • Commercial Ground-Up Construction

Specialty Loan Types

  • Cannabis Use Properties
  • Partner Buyout
  • Reverse 1031 Exchange

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

yes

Maximum LTV for Cannabis Use Properties

60%

Cannabis Property Use Type

  • Cultivation
  • Retail Dispensary
  • Retail Sales
  • Manufacturing
  • Processing
  • Production
Borrower must have a 35% down payment for purchase loans.

Max Loan-to-Purchase Price

65%

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

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%

Development Experience Required

yes

Minimum Number of Ground-Up Construction Projects Completed by Borrower

1

Max LTC for Ground-Up Construction Costs

85%

Interest Charged for Construction Costs

Only on Funds Drawn

Will Lend on Partially Completed Construction Projects

yes

Deposit 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

Details and Requirements

Fastest Closing Time (Days)

3

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

Will lend to a foreign national

yes

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

no

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will Consider Equity Joint Venture

no

Borrower Entity Types Considered
  • Individual(s)
  • LLC
  • Limited Partnership
  • Trust
  • Corporation
  • Non-Profit Corporation
  • Self-Directed IRA
Documentation Required
  • Credit Report
  • Tax Returns
  • Bank Statements
  • Financial Statements
  • Loan Application
Personal Guaranty (Recourse) Required
Sometimes
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

Collateral Types
  • Residential Property
  • Commercial Property
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

Contact ReProp Financial

ReProp Financial pays us to be listed, so there is no fee to connect with them directly.
707-502-3087 707-502-XXXX
Click to show phone number
Send email Create a Loan Request

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates

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 | Z Loan & Investment, LLC dba ReProp Financial – NMLS ID: 310195 | Nevada MLD #174

 

License

CA DRE Lic. 01917704, CFL Lic. 60DBO 48773, Oregon ML-5297, Arizona MBL Lic. 0927323, NMLS ID 1189084, Nevada MLD #174

Year Established

1978

Associations

  • California Mortgage Association - Board of Directors

Office Locations

ReProp Financial
735 4th Street, Eureka, California 95501

Arizona Branch Office
3707 N. Marshall Way, #2, Scottsdale, Arizona 85251

Primary Capital Source
  • Own Funds
Alternative Capital Sources
  • Bank Credit Line
Loan Structure for Majority of Loans
  • Own Balance Sheet
Percentage of Loans Secured by Commercial Property

50%

Percentage of Loans Secured by Residential Property

50%

Our Team

Glenn G. Goldan

President

Dane Valadao

COO

Contact ReProp Financial

ReProp Financial pays us to be listed, so there is no fee to connect with them directly.
707-502-3087 707-502-XXXX
Click to show phone number
Send email Create a Loan Request

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates
SUBSCRIBE
subscribe-illustration
BEFORE YOU CONTACT THIS LENDER

Our Minimum Loan Amount Is

$150,000

What we do:
Bridge, Rehab, Ground-Up Construction
Many Types of Commercial Property
Residential Investment Properties
Agricultural Properties
Cannabis-Use Properties
Rural Locations Considered
LTV up to 65% for Purchase or Refi
LTC up to 85% for Value-Add Projects
What we don’t consider:
Vacant Land
Horizontal Development
100% Financing or High Leverage
NO 2nd Mortgages
Owner-Occupied Homes
Consumer Purpose Loans

Contact ReProp Financial

ReProp Financial pays us to be listed, so there is no fee to connect with them directly.
707-502-3087 707-502-XXXX
Click to show phone number
Send email Visit Website

Create a Loan Request

Be more efficient with your lender search. Provide the loan details once, save it, and then share it with multiple lenders.
Create a Loan Request

Send an email to ReProp Financial