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Loan Number:220412

Purchase of an Industrial Building in Stanton, CA! Property will be used as owner/user.

More Information:


Loan Document

INVESTMENT DETAILS



This loan is a first deed of trust on an industrial property in Stanton, CA. The property has a gross building area is 6,384 square feet on a 17,424 square foot lot. Stanton is an incorporated city of Orange County bounded by Cypress, Anaheim, and Garden Grove. The neighborhood enjoys favorable regional access due to its proximity to the 22 freeway, one ¼ miles to the south. The subject is a single-story building with two offices, a warehouse, and mezzanine storage built-in 1981. It contains concrete flooring in the warehouse and vinyl and carpet in the office areas, two restrooms, HVAC in the office areas, and two metal roll-up doors granting access to the warehouse area. The exterior features include thirteen parking spaces, a six-foot concrete block wall along the southern perimeter, affixed lighting fixtures, grass along the west side, and the front of the building. The Borrower is purchasing the property for $1,725,000 with a small seller carryback of $250,000 due December 2021. The Borrower will bring in approximately $333,000-$417,000 to close escrow. The Borrower’s affiliated entity is the current lessee. They have occupied the building since November 2018, and their lease expired in October 2021. They are currently paying $7,022.40 on a month-to-month basis until the purchase is finalized. Upon acquisition, an affiliated entity of the Borrower’s will continue to lease the property for $10,000 per month. The space is used for the distribution of adult novelties and office administration. On or before maturity, the Borrower will refinance into a long-term loan.

Minimum Investment

$75,000.00

Loan Amount

$1,207,500.00

Loan Term

60 months

Loan Interest Rate

9.50%

Loan Position

1st Position

Net Yield to Investor

9.00%


Important Investment Disclosures:
Important investment disclosure. Your investment will be either directly or indirectly secured by real estate. You may receive a direct interest in a promissory note and deed of trust as a fractionalized interest as a tenant in common, as a single beneficiary, or, your investment may be in the form of a membership interest in a limited liability company formed for the specific purpose of funding a loan. Nothing in this announcement constitutes an offer to sell or a solicitation of an offer for investment. An offer is made only by the offering circular and material disclosure package. Past performance is not an indication of future results. We strongly recommend before making an investment decision that you thoroughly read the contents of the entire loan material disclosure package. You are encouraged to consult with your own tax and financial advisers before investing. Investments are NOT insured by any government agency and are NOT guaranteed. Investments offered through So-Cal Capital, Inc. are not liquid, not transferable, and involve substantial risk, including the possible loss of all principal.