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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
Arizona, California, Idaho, Oregon, Washington
Loan Amounts
$150,000 to $2,500,000
Interest Rates
7.99% to 11.99%
Max Loan-To-Value
65%
Max Loan-To-Cost
85%
Origination Fees
1.5% to 3.5%
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 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
- Commercial Ground-Up Construction
- Residential Ground-Up Construction
- Commercial Long-Term
Specialty Loan Types
- Residential Long-Term Rental
- Reverse 1031 Exchange
- Partner Buyout
- Cannabis Use Properties
- Commercial Permanent Financing
Agribusiness Loan
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 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
yesMax LTV for Land
50%Max LTC for Land Acquisition
50%Purchase Loan
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
Rehab Value Add Loan
Experience Required
yesMinimum Number of Value-Add Projects Completed by Borrower
1Will Provide Funds for Renovation Costs
noMax LTC for Renovation Costs
85%Maximum After Repair Value
65.00%Construction Loan
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
yesDetails and Requirements
Typical Closing Time (Days)
10Fastest Closing Time (Days)
3Works 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 yearsPre Payment Penalty
no
Will lend to a foreign national
yes
Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage
noWill Consider Collateralizing Multiple Properties in One Loan
yesWill 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
SometimesCredit Check Required
noAppraisal Required for Residential Property
SometimesAppraisal Required for Commercial Property
SometimesBroker Price Opinion (BPO) Accepted for Residential Property
SometimesBroker Price Opinion (BPO) Accepted for Commercial Property
SometimesFees
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.
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
License
CA DRE Lic. 01917704, CFL Lic. 60DBO 48773, Oregon ML-5297, Arizona MBL Lic. 0927323, NMLS ID 1189084
Year Established
1978
Associations
- California Mortgage Association - Board of Directors
Office Locations
ReProp Financial735 4th Street, 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
50%
Percentage of Loans Secured by Residential Property
50%
Percentage of Residential Property Loans Which are Fix and Flip
15%
Percentage of Residential Property Loans Which are Buy and Hold
10%
Percentage of Loans Secured by Land
5%

Glenn G. Goldan
President
Glenn Goldan began his real estate career in 1976 and has successfully owned and operated five real estate brokerage and two property management companies in California. His success consistently put his brokerage in the top 10% in both volume and service in Century 21’s worldwide system. Glenn’s experience has been broad, from brokerage to commercial real estate development, leasing and financing. In 1986 Glenn launched ReProp Financial, a private small balance commercial mortgage banking company. Its niche is blending collateral and credit analysis to fund loans which are just beyond the reach of traditional institutional lenders. Since inception, ReProp Financial has underwritten, placed, and managed its real estate financing on behalf of its private investors. Today with ReProp Financial as Glenn’s sole business venture, the company has transitioned to a structured financing model for its portfolio growth and is developing funding capacity in all states. Glenn remains active in the mortgage banking community having served as Vice President and Legislative Chair for the California Trust Deed Broker’s Association and Legislative Chair, Vice President and President for the California Mortgage Association. He currently leads the Commercial, Construction and Pool Managers Focus Groups for CMA and serves on its Board of Directors. Glenn is also a sought out lecturer in many aspects of commercial lending practices. Glenn and his wife Shelle and daughter Hannah have been very active members of their community and are especially involved in youth sports, Humboldt Sponsors and Court Appointed Special Advocates (CASA). Glenn currently chairs the Coastal Division Board of Directors for Umpqua Bank, and has served on the Board of Directors of Eureka Rotary and the Eureka Historical Preservation Commission; chaired the Redevelopment Advisory Board for the City of Eureka as well as the Private Industry Council for Humboldt County; and, has been president of the Eureka/Humboldt Economic Development Corporation.

Dane Valadao
COO
Dane Valadao has 10 years of real estate and lender experience. Dane joined ReProp 2014 as Business Development and his responsibilities have grown to include management and investor relations. He is primarily responsible for originating loan throughout the Company’s footprint through relationships with other banks, development agencies and mortgage professionals. Prior to joining ReProp, Dane worked for a servicing company and was responsible for trading whole loans and mortgage servicing rights and forecast modeling. A lifelong Arcata resident, Dane earned an athletic scholarship to Humboldt State University to play soccer. After a successful soccer career at Humboldt, he transferred to Louisiana State University where he completed his undergraduate degree in Business Administration in 2009. He then decided to continue his studies at LSU, earning his MBA in 2011 before returning home to Humboldt County with his family.
Completed Transactions
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
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