Investments

Light Industrial Building in Los Angeles

  • Investment Details
  • Additional Information

Availability:

$340K available

Address:

2309 Long Beach Blvd, Los Angeles, CA

Property Type:

Light Industrial

LTV:

58%

Occupancy:

Owner user

Loan Amount:

$750,000

Investor Yield:

9% less Superior Fee

Appraised Value:

$1,290,000

Term:

36 months

Comments:

The borrower is refinancing his 4,440 sq. ft. industrial property. He has made all of the city mandated improvements to utilize his cannabis cultivation license. He has added a 2nd floor to one building with the addition of a kitchen and office space. The property was just appraised prior to making these improvements for AHF for $1,290,000. Borrower has been involved in this industry for 15 years. He is also an owner in a L.A. city licensed dispensary. The cash out will be used for initial funding of operations. Borrowers have excellent credit. The borrower’s previous 2nd td was with AHF. They used the proceeds for the construction and had perfect payments.

Options:

Fractionalized Loan

Summary Information:

Contact Rod Hecker at 805 233-4526

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