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Deal Details
Private Loan Type
Refinance
Approx. Funding Date
03/01/2019
Property Type
Agricultural
Cannabis Grow Facility
Property City
Salem
Property State
OR
Lien Type
1st Mortgage
Deal Summary
ReProp Financial, a private money lender, funded a $1,900,000 1st lien position bridge loan secured by a cannabis grow facility in Salem, OR. The bank financing our Borrower’s light industrial business park demanded an exit of their loan. We were able to refinance the property and provide capital for further build out. This refinance bridge loan was funded in March 2019.
Funded By
ReProp Financial
Private Money for Real Estate Investors Since 1978