Eureka, CA July 28, 2011
A California-based real estate collateral lending company, ReProp Financial, has expanded its array of financial services by offering loans that make commercial real estate purchases incredibly easy.
With its new Equity Advantage Program that features the SBA 504 Owner-Occupied Real Estate Loan Program, small business owners can now take advantage of historically low interest rates to purchase commercial real estate property for loan amounts from $ 200M-$ 1.9MM, with interest rates near a standard bank rate.
For as little as 10% down, small business owners may be able to take advantage of the SBA 504 loan program. Total financing up to 90% of the purchase price or current value of commercial real estate is available for borrowers with good credit, or even poor credit with acceptable explanations.
?When our loan is combined with a low cost fixed rate SBA loan ? which we help arrange ? the resulting monthly payment may be near or less than their monthly rent payment,? says Glenn Goldan, founder and CEO of ReProp Financial.
ReProp, which is organized and licensed in California and also does business in several western states, is currently actively seeking to make commercial real estate loans available to small business owners.
?We gather the necessary information and act quickly,? Goldan said, adding that ?with a complete client file, generally our initial review is returned in 24-48 hours.?
?If we are not able to make the loan, and we believe another lending source would be a better fit for the borrower, then we will refer the client to a preferred lender,? he stressed.
Goldan?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.
ReProp Financial strategically aligns potential buyers with knowledgeable commercial real estate brokers in their regions to assist them in negotiating with current landlords or to help with a business relocation, if needed.
ReProp?s loan programs include long term loans, which are either fully amortized or partially amortized, for owner- occupied or investor-owned (tenant-occupied) commercial real estate. These loans are always first lien loans that either stand alone or have a second lien component made by ReProp or others lenders as such as SBA in a 504 loan structure.
Another program is the short term ?transitional? financing where ReProp aims to bridge the gap in the borrower?s needs. For instance, it can lend when institutional financiers will not ? particularly for hospitality or land loans, or because their income stream is not yet robust enough or consistent enough for prime time lending.
?For years, small businesses had been widely recognized as the real driver of economic growth, and with the challenges and opportunities that lie ahead, ReProp stands ready to bring small businesses to greater heights,? Goldan concluded.
For information or an interview, contact Glenn Goldan at (707) 444-7711 or through the ReProp website at http://www.repropfinancial.com.
For information about this release, contact Emanuel Rose, at Strategic eMarketing, (707) 506-6138, or email him at emanuel(at)strategicemarketing(dot)com.
His website is http://www.strategicemarketing.com.
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