$475,000 - 1st & 2nd Trust Deed

SENIORITY OF LOAN:

• Crows Landing - 1st

• Rockefeller - 2nd

PROPERTY VALUE (COMBINED):

$2,700,000

EXISTING DEBT ON PROPERTY:

• Crows Landing - $0

• Rockefeller - $430,000

LOAN AMOUNT:

$475,000

COMBINED LOAN TO VALUE (LTV):

34%

NET INVESTOR YIELD:

10.5%

MONTHLY NET TO INVESTOR:

$4,156.25

TERM (INTEREST ONLY):

24 Months

PREPAID INTEREST AT CLOSE:

2 Months

ZONING / BED / BATHS / SQFT:

• Crows Landing: Industrial / 3,000 sqft Warehouse / 360 sqft Office / 3 acres

• Rockefeller Drive: 6,000 sqft Warehouse / 2 Parcels / 1.88 acres

USE OF FUNDS:

Borrower intends to build an additional warehouse on Rockefeller Drive property to accommodate for expanding business.

EXIT STRATEGY:

Sale of Crows Landing property (already on market).

EXTRA DETAILS:

Borrower owns and operates both properties/locations. 2024 YTD Gross Income was $600k+