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Loan Number:224045

Refinance of an income producing Mixed-used property in San Bernardino, CA.

More Information:

Loan Document


This loan is a first deed of trust on a mixed-use property in San Bernardino, CA. The subject consists of a 1,496-square-foot retail commercial building and a 2,060-square-foot duplex located on a 17,927-square-foot lot. The three buildings sit on a corner lot. The commercial building is currently being used as a fast-food restaurant with drive-thru service. It has a newer dining area, a commercial kitchen, two ADA-compliant bathrooms, central heating and air conditioning, and tile flooring. One residential unit is 1 bedroom, 1.5 bathrooms with a living room, a kitchen, and central heating and air conditioning. The second unit A has a 1-bedroom, 1-bathroom, a living room, and a kitchen. Unit B is a studio unit with a living area, a full bathroom, and a kitchen. Both units have carpet and tile flooring, central heating and air conditioning, and updated dual-pane windows. The Borrower purchased the property in 2019 for $550,000 and built out the brand-new restaurant space. He currently lives in one unit and occupies the commercial space with his chicken and waffle house business. The business generated $55,621.33 in revenue from January to March 8th. The other units of the duplex are leased by two tenants and generate $3,500 in rental income per month. The purpose of the loan is to pay off the current seller carry loan that is due and provide cash out for the Borrower to use towards his business. Before maturity, the Borrower will refinance into a long-term loan. The Borrower is a single and self-employed businessman. His restaurant business has reasonable cash flow showing $45,893.94 in deposits for February and March. This loan has a maturity in 24 months.

Minimum Investment


Loan Amount


Loan Term

24 months

Loan Interest Rate


Loan Position

1st Position

Net Yield to Investor


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.