Novato, CA

October 01, 2026

Property Type: Commercial
Transaction Type: Purchase

LOAN DETAILS

Loan Type: 1st Trust Deed
Loan to Value (LTV): 60%
Loan Amount: $4,000,000
Loan Term: 24 Months

PROPERTY DESCRIPTION

This loan is a first deed of trust on a commercial industrial property in Novato, CA. Located in Marin County, approximately 30 miles north of San Francisco, Novato is known for its established residential neighborhoods, commercial districts, and convenient access to the greater San Francisco Bay Area via Highway 101. The city serves as a regional commercial and industrial center, with the Bel Marin Keys area offering a mix of warehouse, office, technology, and industrial properties. Originally constructed in 1985, the property contains approximately 30,334 square feet of building area, including 8,934 square feet of office space and 21,400 square feet of warehouse and laboratory space. Additional features include approximately 50 parking spaces, six grade-level loading doors, 16-foot clear heights, HVAC throughout, fire sprinklers, substantial electrical capacity, and an onsite backup generator. The property has an appraised value of $6,670,000. The purpose of the loan is to provide $4,000,000 in acquisition financing, representing an approximately 60% loan-to-value ratio. The property will serve as the Borrower's corporate headquarters and a GPU-based data center following the planned build-out. The loan will have a maturity of 24 months.
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