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Refinance
22639 Airport Way
California City, California 93505
The subject pertains to a licensed cannabis industrial property. The borrower has a background in real estate and development, owning a portfolio that specializes in purchasing and managing industrial-grade properties. With over 25 years of experience in the real estate industry, he is an accomplished real estate developer.
Loan TypeRefinance
Property TypeCommercial
Appraisal Value$ 500,000
Requested Loan Amount$ 250,000
Loan to Value (LTV)50%
Interest RateLender's Choice
Loan Term1 Year
OccupancyRental
Created AtJan 9, 2025, 1:06 AM
Updated AtJan 9, 2025, 2:53 AM
Loan purpose
The borrower requires funds for home improvements in Sherman Oaks to sell his property at a better price after renovations.
Exit plan
After making improvements, the borrower plans to sell his investment property in Sherman Oaks and repay his debts. Purchased Date & Price: $855,000 (5/2/2019, free and clear) Current Appraised Value: $500,000 (4/20/2024)