Pleasanton, CA

This loan is a first deed of trust on a church campus with a residential component in Pleasanton, CA. Pleasanton is a well-established East Bay community offering convenient access to Interstate 580 and Interstate 680, the Dublin/Pleasanton BART station, and regional employment centers throughout the Bay Area and Silicon Valley. The city is characterized by established residential neighborhoods, recreational amenities, and strong regional connectivity. The subject property is situated on approximately 4.84 acres and is improved with approximately 10,953 square feet of total building area, consisting of an 8,660-square-foot church facility and a 2,293-square-foot single-family residence. Originally constructed between the 1960s and 1980s, the improvements are considered to be in average to good overall condition, with the residence extensively renovated in 2022. The church facility includes a worship sanctuary, chapel, administrative offices, classrooms, a commercial-style kitchen, and a large multi-purpose social hall. The generally level site also provides approximately 86 surface parking spaces. The property is zoned Agriculture, with the church operating as a conditional use. The existing improvements provide flexibility for continued institutional, residential, or other uses permitted by the County. The loan will have a maturity of 24 months.