21820 Burbank Blvd. #250, Woodland Hills, CA 91367

818.707.3452

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Investments

Oakland Industrial Grow 1st TD, 12% Interest

Availability:

SOLD OUT

Address:

840 Pine St., Oakland CA 94607

Property Type:

Industrial Grow

LTV:

60%

Occupancy:

Non-owner occupied

Loan Amount:

$420,000

Investor Yield:

12%

Appraised Value:

$700,000

Term:

2 years

Comments:

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Summary Information:

The borrower refinanced his licensed cannabis grow for cash-out in order to make service repairs to the building and purchase equipment. The property is leased for $6,000 month to month. The property appraised for $700,000, we also ordered a BPO from consolidated analytics to help confirm the value which came in at $750,000.

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This OOC cash-out refinance loan is for the business purpose of expanding the borrower’s real estate brokerage, themclaughlingroup.com/. The borrower has good credit and the loan comes

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