The sponsor has sold another property and is utilizing a 1031 exchange in order to purchase this property without having to pay taxes on the profit of the recently sold asset. The current owner will lease the property back for a short period of time. The borrower has leased the building with a five-year term. The property is in a cannabis approved area of Canoga Park and the tenant will utilize the property for packing and distribution of cannabis to retailers.
- Location: California
- Loan Type: Commercial Bridge
- Loan Amount Range: $1M - $4.99M
This style property is located in Los Angeles is currently and has been listed on Avatar Financial Group. This property is listed at . It has bedrooms, bathrooms, and is . The property was built in year.