21820 Burbank Blvd. #250, Woodland Hills, CA 91367

818.707.3452

9:00 AM - 5:00 PM, Monday to Friday

Investments

1st TD 14 acre Multi Retail, 42% LTV, 11% interest

Availability:

SOLD OUT

Address:

38480, 38550, and 38989 Oak Glen Road, Oak Glen, CA 92399

Property Type:

Multi-Retail

LTV:

42.11%

Occupancy:

Non-owner occupied

Loan Amount:

$2,000,000

Investor Yield:

11%

Appraised Value:

$4,750,000

Term:

2 years

Comments:

Options:

Summary Information:

The borrower is refinancing her 14 acre multi retail property to buy out an existing partner and further develop the property to host events. She will be transferring title to a new LLC after the buy-out. The retail stores are owner-user, consisting of a bar, two restaurants, a bakery, candy shop, souvenir shop, petting zoo, axe throwing, and inner tube slide. There are also multiple 250 sq.ft structures which are leased seasonally to local vendors at $500 a month. The property has been owned by three generations of family for over 20 years and is widely known for its apple picking season that attracts large lines from customers around Los Angeles. The business generated $674,227 of net income and 3.5M gross income during 2022. In addition to the appraisal, a site visit by Agoura Hills Financial shows pictures of the property in the dropbox link below.

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