Deal Details
Private Loan Type
Commercial Ground-Up Construction
Approx. Funding Date
06/26/2020
Property Type
Agricultural
Industrial
Property City
Desert Hot Springs
Property State
CA
Lien Type
1st Mortgage
Payment Type
Interest Only
Deal Summary
Reprop Financial, a private money lender, funded a $1,200,000 commercial ground-up construction loan for development land in Desert Hot Springs, CA. Repeat Clients trust us and know we perform. The loan will either be paid off thru a sale or refinance into long-term financing once a tenant is in place. Repeat Clients trust us and know we perform. We have references with many kinds of Borrowers- call to inquire! This CRE ground-up construction loan was funded in June 2020.