$3.445MM Industrial Building – CA

  • Loan Amount: $3,445,000
  • LTV: 65%
  • Interest Rate: 8.49%
  • Term: 24 months

Description

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.

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AVATAR FINANCIAL GROUP

1200 Westlake Avenue N, #1006
Seattle, WA 98109

Office: 206.728.5900
Toll-Free: 1.888.886.0097

For information about loan programs or loan
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[email protected]

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