Cash Out into Long-Term Financing Option for Ranch in Humboldt County, California

Deal Details

Private Loan Type

Equity Cash Out

Approx. Funding Date

01/07/2020

Property Type

Ranch

Property City

Humboldt County

Property State

Lien Type

1st Mortgage

Payment Type

Interest Only

Exit Strategy

Refinance

Deal Highlights

Our offer met the Borrower’s needs & will save him the fees of refinancing every 2-4 years.

We funded quickly with great terms: full amortization, no balloon payment required.

Deal Summary

Reprop Financial, a private money lender, funded a $350,000 equity cash-out loan secured by a Ranch in Humboldt County, CA. Our Borrower shopped around for a cash-out loan. Our offer met his needs and will save him the fees of refinancing every 2-4 years. We funded quickly with great terms: full amortization, no balloon payment required. This equity cash-out loan was funded in January 2020.