1st TD at 56% LTV – Prime Location – Near Ocean
Beverly Hills, CA
High AUM investors are seeking lines of credit starting at $5MM with minimal documentation requirements. These clients have strong portfolios and excellent credit profiles. Their goal is to access capital at competitive rates, similar to prime..
Loan Amount
$1400000
Property Type
Mixed use
Loan Purpose
Hard money
Offering Memorandum
1st TD at 56% LTV – Prime Location – Near Ocean
Deal Overview
Seasoned investor with a multi-asset portfolio.
Three properties across two APNs.
Borrower is current on the existing 1st and 2nd trust deeds.
Refinance to pay off the seller-carry lender and existing 2nd TD and consolidate into one new loan with improved terms.
In-place income with three leases:
1876 E Main Street – B&J Burgers – $3,680 per month
1880 E Main Street – Computer repair – $2,500 per month
26 S Santa Rosa – Loft – $4,850 per month
Exit strategy is sale of 1876 E Main Street, currently listed on LoopNet
https://www.loopnet.com/Listing/1876-E-Main-St-Ventura-CA/39053389/
Highlights
Seasoned Investor
Over $1.1MM in Protective Equity
6 Months Guaranteed Interest
Prime Location
Solid Exit Strategy
Data Points
Loan Amoun$1,400,000
Property typeMixed use
Loan purposeHard money
Photos
Location
9440 Santa Monica Blvd., Suite 301 Beverly Hills, CA 90210
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Loan Details
Loan Amoun$1,400,000
Property typeMixed use
Loan purposeHard money
Loan Scenario Link
