Inglewood, CA

This loan is a first deed of trust on a preschool property in Inglewood, CA. Inglewood is a dynamic and rapidly evolving city in southwestern Los Angeles County, approximately 10 miles southwest of Downtown Los Angeles. The city benefits from convenient access to Interstates 405 and 105 and close proximity to Los Angeles International Airport (LAX). In recent years, Inglewood has experienced significant economic growth and redevelopment driven by major sports and entertainment investments, including SoFi Stadium, Hollywood Park, Kia Forum, and Intuit Dome. These developments, combined with the city’s strategic location and expanding employment base, have contributed to increased demand for residential and commercial real estate. The subject, located at 1061 E. Hyde Park Boulevard, is a mixed-use commercial and residential property situated on a prominent corner lot within an established urban neighborhood. The property consists of approximately 4,748 square feet of land and is improved with a 1,916-square-foot building originally constructed in 1939. The building contains one commercial unit and one residential unit and is zoned INR3, permitting both commercial and residential uses. The property also benefits from onsite rear parking and access to public utilities. The residential portion includes one bedroom and one full bathroom, while the commercial component includes additional restroom facilities, resulting in a total of one full bathroom and three half bathrooms. The Borrower purchased the property in 2000 and has operated a successful preschool and enrichment center at the location for approximately 25 years. In 2025, the preschool generated approximately $659,751 in total income, with business bank statements reflecting approximately $232,975 in deposits over the past four months. The purpose of the loan is to pay off the existing loan, which matured at the beginning of the month. Upon maturity, the Borrower intends to refinance with long-term financing. The Borrower is a trust with a husband and wife serving as trustees. In addition to operating the preschool, the Borrowers manage three investment properties with an estimated combined value of approximately $1.984 million and $1.848 million in protective equity. They also own their primary residence free and clear, with an estimated value of $1.075 million. Personal bank statements reflect approximately $79,439 in deposits over the past two months, and the Borrower has a FICO score of 695. The loan will have a maturity of 24 months.