Los Angeles, CA

This loan is a first deed of trust on a commercial property in Los Angeles, CA. The property is situated in the South Robertson/Beverlywood area of West Los Angeles, a well-established neighborhood known for its central location, diverse residential character, and strong community atmosphere. Positioned between Beverly Hills, Culver City, Century City, and Mid-City, the area benefits from convenient access to major employment centers, entertainment destinations, shopping districts, and Los Angeles International Airport. Robertson Boulevard serves as the neighborhood’s primary commercial corridor, featuring a mix of locally owned restaurants, cafés, specialty retailers, professional offices, creative spaces, and neighborhood-serving businesses. The subject, located at 2501 S. Robertson Boulevard, is a remodeled single-story commercial building situated on a prominent corner parcel. Originally constructed in 1946, the property contains approximately 3,110 square feet of gross building area on a 3,301-square-foot lot zoned LAC4, permitting a broad range of commercial uses. The building has undergone substantial remodeling and is reported to be in average-to-good overall condition. Interior improvements include drywall walls, polished concrete and hardwood flooring, one full bathroom, and two half bathrooms. The property benefits from its highly visible corner location, commercial zoning, and flexible layout suitable for a variety of commercial and creative uses. The Borrower purchased the property in 2022 for $3,275,000 and currently operates a recording studio at the property but is in the process of relocating. Beginning August 1, the property will be leased to a music production company for $25,000 per month. The same tenant has also executed a purchase agreement to acquire the property for $7 million, with a scheduled closing date of October 30, 2026. The purpose of the loan is to pay off the existing lien, which is due August 1. Before maturity, the Borrower intends to sell the property and use the proceeds to repay the loan. The Borrower is a single-purpose limited liability company whose principal is a world-renowned music producer and engineer with more than 25 years of industry experience and 19 Grammy and Latin Grammy Awards. Financials reflect approximately $931,411 across three business accounts. The principal also owns a primary residence in Woodland Hills with approximately $1.9 million in protective equity and has a FICO score of 799. The loan will have a maturity of 24 months.